Multiple Choice
The insurer agrees to compensate the insurer in consideration of a sum of money is called
A) Premium
B) Policy
C) Subject matter
D) None
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q7: The document which lays down the terms
Q8: ……………………….in a social device for eliminating or
Q9: LIC was formed in ………………………….<br>A)1952<br>B)1956<br>C)1957<br>D)1962
Q10: Human life is the subject matter of
Q11: The subject matter of insurance is _<br>A)Risk<br>B)Return<br>C)Income<br>D)Profit
Q13: ……………………………….is the party who agrees to compensate
Q14: Insurance is a written agreement between the
Q15: Marine insurance may cover loss or damage
Q16: Insurance is a written agreement between the
Q17: IRDA is a ------------ member team<br>A)10<br>B)20<br>C)15<br>D)18