Multiple Choice
The principle of utmost good faith is important to ensure
A) That the premium charged is correct
B) That no one gets an undue advantage
C) That there is no adverse selection
D) All the three factors mentioned above
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Property insurance may not include<br>A)Burglary<br>B)Fidelity<br>C)Insolvency<br>D)Sickness
Q4: A marine insurance is a contract of<br>A)Increment<br>B)Indemnity<br>C)Maturity<br>D)None
Q5: Insurable interest is<br>A)Defined in the Insurance Act<br>B)Defined
Q6: The term 'Assurance' refers to _<br>A)Life Insurance
Q7: Health insurance can be availed by people
Q9: Fire insurance came into existence after the
Q10: Under _ insurance, loss of profit policy
Q11: Motor insurance provides insurance cover to<br>A)Private Vehicles<br>B)Commercial
Q12: In the case of life insurance, the
Q13: Hull insurance is a type of<br>A)Motor insurance<br>B)Fire