Multiple Choice
In case of life insurance, insurable interest should exist
A) At the inception of policy
B) At the time of claim
C) At the time of every renewal of premium payment
D) All the above occasions
Correct Answer:
Verified
Correct Answer:
Verified
Q12: In the case of life insurance, the
Q13: Hull insurance is a type of<br>A)Motor insurance<br>B)Fire
Q14: Which of the following insurance contract is
Q15: Marine insurance may cover loss or damage
Q16: Which of the following risks are insurable?<br>A)Speculative<br>B)Economic<br>C)Sure
Q18: Crop insurance covers the risks of<br>A)Natural fire<br>B)Storm<br>C)Drought<br>D)All
Q19: The central office of LIC of India
Q20: _ was the first Indian Insurance Company<br>A)Bombay
Q21: Freight insurance is under<br>A)Life insurance<br>B)Marine insurance<br>C)Fire insurance<br>D)Other
Q22: When a banker collects cheques, dividend warrants,