Post Utme Uniosun 2021 Commerce Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2021 Commerce Objective / Multiple Choice
Question 25 POST_UTME_UNIOSUN • 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 provided by the policy
Correct Answer C. To share the risk between the insurer and the policyholder
D. To determine the policy's expiration date
Correct Answer
C
Correct Option:
To share the risk between the insurer and the policyholder

About This Question

This is Post Utme Uniosun 2021 Commerce Question 25. It is one of the objective questions from the 2021 Post Utme Uniosun Commerce examination.

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