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  2. Topic
    Information Technology
  3. Study Set
    Banking and Insurance
  4. Exam
    Exam 7: Insurance Policy Types and Terms
  5. Question
    _________Policy Is Issued to Cover the Risks Involved When Ship
Solved

_________Policy Is Issued to Cover the Risks Involved When Ship

Question 19

Question 19

Multiple Choice

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


A) Cargo
B) Port risk
C) Currency
D) Fleet

Correct Answer:

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Q14: FPR means_<br>A)First Premium Receipt<br>B)Fourth premium receipt<br>C)First policy

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Q16: A marine insurance is a contract of_<br>A)Increment<br>B)Indemnity<br>C)Maturity<br>D)None

Q17: If more than one person claim the

Q18: _ is a policy in which the

Q20: _means closure or writing off the policy

Q21: Marine peril is also called as_<br>A)Morale hazards<br>B)Moral

Q22: If the insured dies before the expiry

Q23: _ is an agreement whereby the insurer

Q24: _policy is taken to cover different risks

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