Category: IC01 PRINCIPLES OF INSURANCE – 02

Que. 1 : Q1) Probable Maximum Loss or PML is determined using the maximum Possible Loss (MPL) and which other factor?    1.  a) The probability of the peril striking    2.  b) The cost of implementing loss reduction techniques    3.  c) The cost of the actual loss    4.  d) The cost of the consequential loss Que. 2 : Q2) ___________ referes to […]