New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    What is the purpose of "mitigation of loss"?

    A To minimize the impact of a loss Correct Answer Incorrect Answer
    B To maximize the claim amount Correct Answer Incorrect Answer
    C To avoid making a claim Correct Answer Incorrect Answer
    D To delay the claim process Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Mitigation of loss refers to the steps taken by the insured to minimize the extent of the loss after an event occurs.

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