O-LevelCommerceInsurance7100/12 · May/June 2017 · Q311 Mark

Insurance premiums are fixed according to the

Alevel of risk involved.

Bnumber of non-insurable risks.

Cprinciple of indemnity.

Dsize of the insurance company.

✓ Correct answer

A: level of risk involved.

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Topic: Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2017 Paper 1 Variant 2, question 31.

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