When the same risk and subject matter is insured with more than one insurer is called............
A) insurance of insurance
B) retrocession
C) double insurance
D) none of these
Correct Answer:
Verified
Q15: LIC was set up in the year
A)1824
B)1823
C)1822
D)1821
Q16: LIC was nationalised in the year
A)1951
B)1952
C)1954
D)1956
Q17: The term "Assurance' refers........
A)life insurance
B)fire insurance
C)marine insurance
D)none
Q18: The Oriental Life Insurance Company came to
Q19: The policies where the premium is payable
Q20: With Profit policy is also known as.......
A)multiple
Q21: A reinsurance of reinsurance known as............
A)line
B)retention
C)retrocession
D)cession
Q22: Reinsurance is also termed as..............
A)insurance of insurance
B)retrocession
C)double
Q24: When the amount for which a subject
Q25: IRDA refers to
A)insurance regulatory development authority
B)indian reinsurance
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