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1
answer
The risk of individuals and families are cored under ________.
asked
Oct 5, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
insurance-business
risk
personal-insurance
property-insurance
liability
1
answer
Medical expense insurance is also known as ________.
asked
Oct 5, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
insurance-business
medical-insurance
personal-insurance
liability
medi-claim
1
answer
The scope of protection provided under the contract of insurance is ______.
asked
Oct 5, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
insurance-business
contract-in-insurance
risk-coverage
contribution
1
answer
When a company reinsures its liability with another, then it ________ business.
asked
Oct 5, 2021
in
Finance
finance
finance-quiz
finance-question
insurance
insurance-quiz
insurance-business
reinsurance
liability
cession
1
answer
________ is the property saved from loss.
asked
Oct 3, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-business
property-insurance
profits-insurance
salvage
jettison
1
answer
________ is a package policy which provides protection against a number of separate points.
asked
Oct 3, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-business
package-policy
perils
peril-policy
1
answer
The cause of a possible loss, such as fire windstorm theft etc. is known as ______.
asked
Oct 3, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-business
possible-loss
windstorm
perils
barratry
1
answer
The main cause of loss or damage is _____________.
asked
Oct 3, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-business
probability-damage-loss
causa-proxima
indirect-loss
1
answer
Policy holders are expected to pay premium on due dates, a period of 15-30 days is allowed as grace to make payment of
asked
Oct 3, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-business
policyholder
premium-insurance
grace-days
indemnity
1
answer
__________ provides evidence of insurance to the police and Registration Authorities under Motor Vehicle Act.
asked
Oct 3, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-business
endorsement
insurance-policy
cover-note
1
answer
The term 'Assurance' refers to ___________.
asked
Oct 3, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-business
general-assurance
life-insurance
fire-insurance
motor-insurance
marine-insurance
1
answer
__________ Policy is granted only in respect of stocks of inventories of the insured under fire insurance business.
asked
Oct 3, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-business
fire-insurance
direct-insured
declaration
family-floater
1
answer
The danger of loss from the unforeseen circumstances in future refers to _________.
asked
Oct 3, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-business
probability-damage-loss
perils
potential-hazards
risk
1
answer
_____________ Policy issued on the basis of the number of persons assured.
asked
Oct 3, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-business
single-premium-policy
premium-insurance
annuity
multiple-life-policy
1
answer
From the following, which is not a type of Public Liability Risk Insurance?
asked
Oct 3, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-business
public-rule
builder-risk-insurance
industrial-risk
1
answer
Public liability Insurance Act established in _______.
asked
Oct 3, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-business
public-rule
insurance-act
1
answer
Crop insurance covers the risks of __________.
asked
Oct 3, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-business
crop-insurance
fire-insurance
storm
drought
1
answer
Crop insurance scheme came into existence in India in ________.
asked
Oct 3, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-business
crop-insurance
lic-of-india
insurance-scheme
1
answer
_________ is known as Rashtriya Krishi Bima Yojana.
asked
Oct 3, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-business
rashtriya-krishi-bima-yojana
crop-insurance
property-insurance
hut-insurance
1
answer
Property Insurance may not include ___________.
asked
Oct 3, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-business
property-insurance
burglary-insurance
fidelity-guarantee-policies
insolvency
1
answer
An unlooked mishap or an untoward event which is not expected or designed
asked
Oct 3, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-business
untoward-event
risk
accident-caused
1
answer
________ means the transfer of all the rights and remedies available to the insured in respect of the subject matter to
asked
Oct 3, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-business
insurer
subrogation
indemnity
contribution
1
answer
__________ Insurance is a contract to provide a measure of financial support to farmers in the event of a crop failure
asked
Oct 3, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-business
crop-insurance
fire-insurance
burglary-insurance
contract-in-insurance
1
answer
________ insurance means an alternative to purchasing insurance in a commercial market.
asked
Oct 3, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-business
double-insurance
reinsurance
insurance-policy
1
answer
When the amount for which a subject matter is insured is more than its actual value, it is called _________.
asked
Oct 2, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
reinsurance
double-insurance
insurance-company
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