Multiple Choice
A policy causes loss on goods which are laying in different places
A) Specific
B) Declaration
C) Replacement
D) Floating
Correct Answer:

Verified
Correct Answer:
Verified
Q6: The constitution of the IRDA consists of
Q7: The term Assurance refers to_<br>A)Life insurance business<br>B)Fire
Q8: The principle of indemnity does not apply
Q9: Medical expense insurance is also known as_<br>A)Personal
Q10: Life insurance company was set up in_<br>A)1823<br>B)1832<br>C)1822<br>D)1821
Q12: Motor vehicle insurance begin in _<br>A)UK<br>B)USA<br>C)India<br>D)Japan
Q13: Property insurance may not include_<br>A)Burglary<br>B)Fidelity<br>C)Insolvency<br>D)Sickness
Q14: FPR means_<br>A)First Premium Receipt<br>B)Fourth premium receipt<br>C)First policy
Q15: _is a contract against injury or death
Q16: A marine insurance is a contract of_<br>A)Increment<br>B)Indemnity<br>C)Maturity<br>D)None