The consideration in insurance for covering the risk is called………….
A) Claim
B) Premium
C) Annuity
D) None of these
Correct Answer:
Verified
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
Q19: The agreement of insurance is called as………
A)Policy
B)Premium
C)Annuity
D)None
Q21: ……………. Is the party who undertakes the
Q22: The party whose risk is covered in
Q23: In …………. The insurer agrees to pay
Q24: General insurance includes ………………………………………..
A)Fire insurance
B)Marine insurance
C)Burglary insurance
D)All
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