Insurance is a cooperative form of distributing a certain__________over a group of persons who are exposed to it.
A) Uncertainty
B) Risk
C) Peril
D) Hazards
Correct Answer:
Verified
Q2: In legal sense, Insurance is a
A)Contract
B)Activity
C)Gambling
D)Publicity
Q3: Master policy is issued for _.
A)Group Insurance
B)Term
Q4: _ can be done by mere endorsement
Q5: The document which contains the terms and
Q6: What is a proposal?
A)A request for an
Q7: Which of these persons will not be
Q8: A memorandum added to a policy embodying
Q9: Which of the following is an evidence
Q10: The person responsible for evaluation and acceptance
Q11: Insurance prices are called
A)Commissions
B)Allowances
C)Premiums
D)Discounts
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