Post Utme Bells University 2020 Commerce Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Bells University Commerce examination.

Post Utme Bells University 2020 Commerce Objective / Multiple Choice
Question 29 POST_UTME_BELLS_UNIVERSITY • 2020 • COMMERCE • objective

A firm's insurance policy involves the use of a deductible to reduce the premium paid. Which of the following is a characteristic of a deductible?

Answer Options

Correct Answer A. It is the amount of the loss that the insured must pay before the insurance company pays
B. It is the amount of the premium that the insured must pay before the insurance company pays
C. It is the amount of the loss that the insurance company pays before the insured pays
D. It is the amount of the premium that the insurance company pays before the insured pays
Correct Answer
A
Correct Option:
It is the amount of the loss that the insured must pay before the insurance company pays

About This Question

This is Post Utme Bells University 2020 Commerce Question 29. It is one of the objective questions from the 2020 Post Utme Bells University Commerce examination.

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