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O-LevelCommerceInsurance7100/12 · May/June 2024 · Q281 Mark

What does underinsurance mean?

Ainsuring a non-insurable risk
Binsuring a risk for its actual value
Cinsuring a risk for less than its value
Dinsuring a risk for more than its value

✓ Correct answer

C: insuring a risk for less than its value

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About this question

Topic
Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, May/June 2024 Paper 1 Variant 2, question 28.

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