Multiple Choice
Insurable interest is
A) Defined in the Insurance Act
B) Defined in the Contract Act
C) Defined by IRDA
D) Not defined in any written law
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Marine insurance may cover loss or damage
Q2: The principle of utmost good faith is
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
Q6: The term 'Assurance' refers to _<br>A)Life Insurance
Q7: Health insurance can be availed by people
Q8: The principle of utmost good faith is
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