O-LevelCommerceInsurance7100/11 · May/June 2010 · Q291 Mark

Many people pay insurance premiums, so that the unfortunate who need to make claims can be paid. What is this called?

Acompensation

Bcontribution

Cpooling of risks

Dsubrogation

✓ Correct answer

C: pooling of risks

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Topic: Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2010 Paper 1 Variant 1, question 29.

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