Question

What do general insurers do before accepting large complicated risks?

a.

They invest in speculative ventures

b.

They increase premium rates

c.

They assign policies as collateral security

d.

They arrange for property inspection and risk assessment

Answer: (d).They arrange for property inspection and risk assessment Explanation:Before accepting large complicated risks, general insurers arrange for inspection of the property by qualified engineers/other experts, assess the risk, and suggest risk management measures to reduce the risk.

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Q. What do general insurers do before accepting large complicated risks?

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