(i) premium loading (ii) double insurance (iii) excess imposition
A. I and II
B. I and III
C. II and III
D. I,II and III
Correct Answer: Option B
B. I and III
Explanation
premium loading; The amount an insurer needs to cover its expenses and generate profit.
Excess imposition – Your insurer may impose a non-standard excess, because of the number of claims you have had, or other factors which may mean you are more likely to make a claim.