Which among the following is a secondary burden of risk?
A) Business interruption cost
B) Goods damaged cost
C) Setting aside reserves as a provision for meeting potential losses in the future is a secondary burden of risk.
D) Hospitalisation costs as a result of heart attack
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The Correct Answer for the given Question is option C) Setting aside reserves as a provision for meeting potential losses in the future is a secondary burden of risk.
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Which among the following is the regulator for the insurance industry in India?