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1
answer
From the following, which is not a non-proportional form of reinsurance?
asked
Oct 2, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
reinsurance
treaty-method
quota-method
1
answer
Re-insurer is the insurer who grants a guarantee from the ________.
asked
Oct 2, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
insurer
direct-insured
underwriter
1
answer
The proportion of the risk which the direct insurer holds on his own account is called
asked
Oct 2, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
direct-insured
cession
retention
1
answer
________ means insuring again.
asked
Oct 2, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
insurance-policy
general-insurance
co-insurance
1
answer
_______ involves proportionate sharing of the insurance among more than one insurer.
asked
Oct 2, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
insurance-policy
co-insurance
1
answer
__________ means insuring a risk with two or more insurers and the total sum insured also exceeds the actual value
asked
Oct 2, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
insurance-policy
general-insurance
single-premium-policy
1
answer
Reinsurance can be called as __________.
asked
Oct 2, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
reinsurance
insurance-policy
1
answer
_________ is a contract between two insures i.e. original insurer and another insurer.
asked
Oct 2, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
contract-in-insurance
insurer
insurance-policy
1
answer
________ Policy covers both fixed and current assets of insured manufactures.
asked
Oct 2, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
insurance-policy
direct-insured
penalty-assessments
1
answer
A Valuable Policy is just opposite to the ________.
asked
Oct 2, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
value-policy
valued-policy
1
answer
Fire insurance came into existence after the Great Fire of the London in ___________.
asked
Oct 2, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
fire-insurance
london-great-fire
1
answer
_______ means the act of throwing a part of the cargo over board lighten the ship in emergencies.
asked
Oct 2, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
marine-insurance
barratry
jettison
1
answer
General Insurance policies are issued for a period of
asked
Oct 2, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
general-insurance
policy-holder
1
answer
________ policy is taken to cover different risks for a single shipment.
asked
Oct 2, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
insurance-policy
single-shipment
1
answer
___________ Policy is issued to cover the risks involved when the ship is anchored in the post.
asked
Oct 2, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
insurance-policy
cargo
1
answer
Expanded form of PPL policy is ___________.
asked
Oct 2, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
ppl-policy
insurable-interest
insurance-policy
1
answer
From the following, which is not a content of the letter of intimation?
asked
Oct 2, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
intimation-letter
accidental-death
death-insurance
1
answer
The first requirement of the corporation in the cases of death claim is _____
asked
Oct 2, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
death-claims
death-insurance
1
answer
________ is the charge to be paid to the transportation of the goods.
asked
Oct 2, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
transport-goods
hull-insurance
premium-insurance
1
answer
________ means goods or commodities carried in a ship.
asked
Sep 30, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
good-health
hull-insurance
cargo
fright
1
answer
__________ means the body or frame of the ship or vessel and its machinery.
asked
Sep 30, 2021
in
Finance
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
cargo
freight
hull-insurance
voyage
1
answer
Which is not a subject matter of marine insurance?
asked
Sep 30, 2021
in
Finance
finance
finance-quiz
insurance
insurance-priniciple
insurance-business
insurance-quiz
subject-matter
marine-insurance
hull-insurance
1
answer
A marine insurance is a contract of _________.
asked
Sep 30, 2021
in
Finance
finance
finance-quiz
insurance
insurance-priniciple
insurance-business
insurance-quiz
marine-insurance
contract-in-insurance
indemnity
1
answer
________ is concerned with overseas trade.
asked
Sep 30, 2021
in
Finance
finance
finance-quiz
insurance
insurance-priniciple
insurance-business
insurance-quiz
life-insurance
non-life-insurance
marine-insurance
1
answer
If the insured dies before the expiry of the term of the policy, is known as ________.
asked
Sep 30, 2021
in
Finance
finance
finance-quiz
insurance
insurance-priniciple
insurance-business
insurance-quiz
direct-insured
surrender-value
foreclosure
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