A risk considered as sub standard in future can be dealt with by insurers through

(i) premium loading (ii) double insurance (iii) excess imposition

  • A I and II
  • B I and III
  • C II and III
  • D I,II and III
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The correct answer is B. I and III

premium loading; The amount an insurer needs to cover its expenses and generate profit.

 Excess imposition - Your insurer may impose a non-standard excess, because of the number of claims you have had, or other factors which may mean you are more likely to make a claim.

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