In return for premium, an insurance company must

Insurance

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In return for premium, an insurance company must

a) Use standardized tables of coverage for specific risks to be excluded from coverage.

b) Give the insurer valuable consideration.

c) Be fair in underwriting and pay covered losses.

d) Provide the insured with coverage adequate for all potential losses.

Answer: C

The above question In return for premium, an insurance company must, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.