Question

How does the determination of interest rates vary with the type of insurance product selected?

a.

It remains constant across all products

b.

It depends on the insurance company's financial strength

c.

It is influenced by the level of competition in the market

d.

It varies based on the characteristics and risks associated with each product

Answer: (d).It varies based on the characteristics and risks associated with each product Explanation:The determination of interest rates varies depending on the characteristics and risks associated with each type of insurance product.

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Q. How does the determination of interest rates vary with the type of insurance product selected?

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