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O-LevelCommerceInsurance7100/12 · May/June 2021 · Q251 Mark

What is the benefit of paying insurance premiums to insurance companies?

Aoffers security in the event of a risk
Breduces the risk of making a claim
Crequires large reserves of money
Dstops an event from happening

✓ Correct answer

A: offers security in the event of a risk

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About this question

Topic
Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, May/June 2021 Paper 1 Variant 2, question 25.

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