CAii CMII Practice Questions - Certificate Of The Asian Institute Of Insurance (CAii), Formerly Certificate Of The Malaysian Insurance Institute (CMII) Exam

The primary economic function of insurance is to:

Eliminate every peril that could cause loss Guarantee investment returns for policyholders Transfer the financial consequences of risk from the insured to the insurer Replace the need for risk control and safety measures

Correct Answer:

Transfer the financial consequences of risk from the insured to the insurer

Access more questions from this quiz

Continue to CAii CMII Practice Questions - Certificate of the Asian Institute of Insurance (CAii), formerly Certificate of the Malaysian Insurance Institute (CMII) Exam for more practice questions and the full quiz experience.

Access More Questions