GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Risks that affect simultaneously a great number of policyholders is called ____
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Pure Risk
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Static Risk
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Partial Risk
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Covariant Risk
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Explanation:
Detailed explanation-1: -Risk in insurance terms In insurance terms, risk is the chance something harmful or unexpected could happen. This might involve the loss, theft, or damage of valuable property and belongings, or it may involve someone being injured.
Detailed explanation-2: -Concurrent insurance exists when two or more policies cover the same exposure and have the same policy period and type of coverage trigger.
There is 1 question to complete.