Post Utme Redeemers University 2021 Commerce Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2021 Commerce Objective / Multiple Choice

Question 11 POST_UTME_REDEEMERS_UNIVERSITY • 2021 • COMMERCE • objective

In a multiple-line insurance policy, what is the primary purpose of the 'deductible' clause?

Answer Options

A. To reduce the premium paid by the policyholder

B. To increase the coverage limit of the policy

Correct Answer C. To reduce the risk of loss for the insurer

D. To increase the risk of loss for the policyholder

Correct Answer

Correct Option:

To reduce the risk of loss for the insurer

About This Question

This is Post Utme Redeemers University 2021 Commerce Question 11. It is one of the objective questions from the 2021 Post Utme Redeemers University Commerce examination.

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