Question

What is the purpose of arranging working covers on a per event basis and dovetailing them into the catastrophe cover?

a.

To secure complete protection at an economic cost

b.

To obtain free catastrophe cover without any working covers

c.

To maximize the claims recovered from the catastrophe cover

d.

To minimize the competition among intermediaries for business

Answer: (a).To secure complete protection at an economic cost Explanation:Arranging working covers on a per event basis and dovetailing them into the catastrophe cover is aimed at securing complete protection at an economic cost. Therefore, option a is the correct answer.

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Q. What is the purpose of arranging working covers on a per event basis and dovetailing them into the catastrophe cover?

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