Multiple Choice
________ means the transfer of all the rights and remedies available to the insured in respect of the subject matter to the insurer after indemnity has been effected.
A) Subrogation
B) Indemnity
C) Contribution
D) none
Correct Answer:

Verified
Correct Answer:
Verified
Q1: The term „Risk? includes:<br>A)Damage to machinery and
Q3: _is the oldest form of insurance<br>A)Motor insurance<br>B)Marine
Q4: A human being<br>A)Is an economic asset<br>B)Is an
Q5: _ is a contract between two insures
Q6: Insurance is meant to<br>A)Prevent specified events<br>B)Prevent damage
Q7: Freight insurance is under<br>A)life insurance<br>B)marine insurance<br>C)fire insurance<br>D)other
Q8: Virtual banking is also called<br>A)Internet Banking<br>B)Home banking<br>C)Mobile
Q9: Insurance is necessary because<br>A)Assets depreciate over time
Q10: The IRDA stands for<br>A)Insurance Regulatory and Development
Q11: Risk may be:<br>A)objective<br>B)subjective<br>C)Both (a) and (b)<br>D)None of