Exam 7: Insurance Policy Types and Terms

In marine insurance insurable interest is enough at the time of_______________

____________ is also termed as group risk

The person whose risk is insured is called ________________

A fire policy containing an average clause is___________________

_________means as complete loss or destruction of the subject matter in the policy

The constitution of the IRDA consists of not more than ___________ members

The term Assurance refers to______________

The principle of indemnity does not apply to

Medical expense insurance is also known as__________________

Life insurance company was set up in______________

A policy causes loss on goods which are laying in different places

Motor vehicle insurance begin in ________________

Property insurance may not include_______________

FPR means_________________

_______is a contract against injury or death resulting from accident

A marine insurance is a contract of___________________

If more than one person claim the policy Money is called_______________________

___________ is a policy in which the limits of the risks are determined by the place of particular voyage

_________policy is issued to cover the risks involved when ship is anchored in the post

________means closure or writing off the policy before its actual maturity