O-LevelCommerceInsurance7100/12 · Oct/Nov 2022 · 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

C: probability of a risk

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Topic: Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2022 Paper 1 Variant 2, question 30.

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