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Card 1 of 20

Insurance is a contract where a business pays a [     ] to an [     ] for financial cover if a specified risk happens.

A

Insurance is a contract where a business pays a premium to an insurer for financial cover if a specified risk happens.

B

Insurance is a contract where a business pays a premium to an employee for financial cover if a specified risk happens.

C

Insurance is a contract where a business pays a deposit to an insurer for financial cover if a specified risk happens.

D

Insurance is a contract where a business pays a dividend to an investor for financial cover if a specified risk happens.

Card 1 of 20

Insurance Flashcards

  1. A Level
  2. /Business
  3. /Insurance

20 flashcards on OCR A Level Business Insurance: the key terms, formulae and case studies you need to recall for Component 01, Component 02 and Component 03.

Flashcards