O-LevelCommerceInsuranceOct/Nov 2022Paper 1 Q301 Mark
Insurance companies collect statistics about claims. What do these statistics help them to estimate?
Ahonesty of the insured
Binsurable interest on a policy
Cprobability of a risk
Dvalue of the property insured
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of insurance within the Commercesyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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