is a clause or condition that is added on to a basic policy providing an additional benefit, at the choice of the proposer. O a. Loading 0 b, Rider O c. Loading O d. Endowment Which of the following statements is not true with respect to risk and insurance? a. Insurance does not prevent its loss due to the peril, and the peril cannot be avoided through insurance. O b. All of the given options. O c. Insurance only tries to reduce the impact of the financial loss on the beneficiary of the asset. O d. Insurance protects the asset. There are 12354 cars in a city. It is expected that, on an average, 3.25% of the cars may meet with an accident in a year. The economic value of the loss suffered by the owner of each car is taken to be RO. 22,500. Calculate the premium? O a. 1735.230. O b. 731.250. O c. 7310.000. O d. None of the given options. When the loss is caused due to more than one cause or a series of causes, the insurance company must determine the while deciding the liability the insurer. O a. Adjoining cause. O b. All of the given options. c. Closest cause. O d. Nearest cause. Mr Mohammed insured his cargo with Oman Arab Insurance, Salalah. After an unexpected accident of his cargo, he lost all his goods. The company calculated the loss position clearly. What type of loss is this? O a. Constructive total loss. O b. None of the given options. O c. Both of these. d. Actual total loss