The commission earned by insurance companies from others for giving them business under reinsurance is called …………………
A) Commission on reinsurance accepted
B) Agents' commission
C) Commission on reinsurance ceded
D) None of these
Correct Answer:
Verified
Q14: An annual payment which an insurer guarantees
Q15: The amount given to the policyholder due
Q16: . …………..is an agreement between two insurance
Q17: Revenue Account is also called ………….
A)Shareholders' Account
B)Policyholders'
Q18: Valuation balance sheet is prepared by ……………business.
A)Fire
Q20: The commission given by insurance companies to
Q21: Profit and Loss Account of General Insurance
Q22: The principle of subrogation is applicable to……………
A)Fire
Q23: Opening capital is ascertained by preparing:
A)Cash book
B)Creditors
Q24: A Single entry system it:
A)Complete and scientific
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents