General insurance is a contract of ………………………………
A) Guarantee
B) Indemnity
C) Profit
D) None of these
Correct Answer:
Verified
Q8: Reserve for unexpired risk is shown under
Q9: In life insurance business , claims may
Q10: Surrender value is an expression that is
Q11: …………….. reserve is created to meet any
Q12: Life insurance is contract of ………………………………….
A)Guarantee
B)Indemnity
C)Profit
D)None of
Q14: Double insurance is common in ……………………. Insurance.
A)Life
B)Fire
C)Marine
D)None
Q15: Re insurance is generally found in ……………….
Q16: Commission of an insurance company is shown
Q17: To ascertain profit in life insurance business
Q18: ……………….. of an insurance company are shown
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