Multiple Choice
Which of the following insurance contract is not based on the principle of indemnity.
A) Fire insurance
B) Marine insurance
C) Life insurance
D) All
Correct Answer:
Verified
Correct Answer:
Verified
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
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
Q17: In case of life insurance, insurable interest
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