Post Utme Noun 2024 Commerce Question 6

Practice objective / multiple choice question 6 from the 2024 Post Utme Noun Commerce examination.

Post Utme Noun 2024 Commerce Objective / Multiple Choice

Question 6 POST_UTME_NOUN • 2024 • COMMERCE • objective

In the context of insurance and risk management, what is the primary purpose of a deductible in a policy?

A. To reduce the premium paid by the policyholder

B. To increase the likelihood of a claim being made

Correct Answer C. To transfer some of the risk from the policyholder to the insurer

D. To provide a financial incentive for the policyholder to avoid making a claim

Correct Answer

Correct Option:

To transfer some of the risk from the policyholder to the insurer

This is Post Utme Noun 2024 Commerce Question 6. It is one of the objective questions from the 2024 Post Utme Noun Commerce examination.

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