O-LevelCommerceInsuranceMay/June 2014Paper 1 Q321 Mark
When a claim is agreed by an insurance company, the insured usually pays the first portion of what is due. Which term is used for such a payment?
Acompensation
Bexcess
Cpremium
Dsubrogation
✓ Correct Answer
The correct answer is B. 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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