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Insurance · EPFO APFC · Question 30 of 30

Insurance: The principle of contribution applies when

Step-by-step solution. Insurance for EPFO APFC.

Topic
Insurance
Subject
General Studies
Difficulty
Medium
Solve Time
45-60 sec

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Q · InsuranceMedium · 45s

The principle of contribution applies when

TopicInsurance
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.25
Test Duration30 min

Step-by-Step Solution

The complete worked solution.

Every step explained - no skipped algebra.

Contribution ensures all insurers share the claim proportionately in case of double insurance.

Final Answer: Option (B)
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The principle of contribution applies when - Insurance (General Studies) Solved Question