A risk considered as sub-standard in the future can be dealt with by insurers through?

(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.