(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.
Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…
Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…
Sociology is the scientific study of human society, culture, and behavior. It examines the social…
Social Work is a profession dedicated to helping individuals, families, and communities to cope with…
Religious studies is an academic discipline that explores the beliefs, practices, and history of various…
Public administration is the field of study and practice that focuses on the organization and…