A. cash payment B. repairs C. replacement D. reinstatement Correct Answer: Option C C. replacement Explanation Methods Of Providing Indemnity…
A. protects the account of the insurer against large claims B. discourage the spread of risk in the insurance market…
A. expense B. mortality C. interest D. losses Correct Answer: Option A A. expense Explanation There are several factors used…
A. at the inception of the policy B. at the renewal time of the policy C. when he surrenders the…
A. insurable interest B. subrogation C. proximate cause D. contribution Correct Answer: Option B B. subrogation
Use the following information to answer the question below. Basanya's vehicle was hit at the rear by jaguna's vehicle. The…
Use the following information to answer the question below. Basanya's vehicle was hit at the rear by jaguna's vehicle. The…
Use the following information to answer the question below. Basanya's vehicle was hit at the rear by jaguna's vehicle. The…
A. term insurance B. public liability insurance C. endowment assurance D. personal accident insurance Correct Answer: Option C C. endowment…
A. fire insurance B. all-risk insurance C. product liability insurance D. consequential loss insurance Correct Answer: Option D D. consequential…