Insurance principle does not include
A) principle of indemnity
B) principle of utmost good faith
C) principle of knowledge
D) principle of subrogation
Correct Answer:
Verified
Q15: The amount of insurance depends on
A)Peril
B)The risk
C)Neither
Q16: Insurance benefits replace
A)All physical losses in full
B)All
Q17: A human being
A)Is an economic asset
B)Is an
Q18: _ is a contract between two insures
Q19: The spreading of losses incurred by the
Q20: Freight insurance is under
A)life insurance
B)marine insurance
C)fire insurance
D)other
Q22: The term „Risk? includes:
A)Damage to machinery and
Q23: _ means the transfer of all the
Q24: The IRDA stands for
A)Insurance Regulatory and Development
Q25: Virtual banking is also called
A)Internet Banking
B)Home banking
C)Mobile
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