Exam DISC-IA Practice Question 29
Study guide: Exam DISC-IA
A business pays $2,500 of premium and three months later collects $400,000 after a covered fire. Its neighbour pays the same premium every year for ten years and never has a claim. Which characteristic of insurance contracts does this contrast illustrate?
- A) Conditional
- B) Aleatory
- C) Indemnity
- D) Nontransferable
Answer this question and see the worked solution