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Use the following information of the University to answer the question below: ( i ) Insurance records Option Premium Deductible A R 4 5 0

Use the following information of the University to answer the question below:
(i) Insurance records
Option
Premium
Deductible
A
R4500
R0
B
R3900
R2000
C
R3500
R1900
D
R2800
R1000
E
R1900
R300
(ii) Vehicle Records
No
No of vehicles
Vehicle Book values
Number of accidents
Accident costs per annum
2022
23
R9309000
11
R4300000
2021
17
R7207000
9
R3900000
2020
14
R3100000
3
R800000
2019
11
R2900000
10
R2800000
2018
9
R1980000
8
R1200000
Question
Using the TEC rule, which option of deductible should be selected
a.
A
b.
B
c.
C
d.
D
e.
E

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