Question

What determines the terms of insurance cover in group insurance?

a.

Individual characteristics

b.

The insurer's appraisal of risk

c.

Group characteristics

d.

The insured's preferences

Answer: (c).Group characteristics Explanation:In group insurance, the terms of insurance cover depend upon the characteristics of the group as a whole, rather than individual characteristics.

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Q. What determines the terms of insurance cover in group insurance?

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