A. subrogation B. indemnity C. insurable interest D. utmost good faith Correct Answer: Option D D. utmost good faith Explanation…
A. replacement of earnings after injuries B. provision for bad debts C. collateral for loans D. repair cost of damaged…
A. constructive total loss basis B. partial loss basis C. advice of loss basis D. ex-gratia basis Correct Answer: Option…
A. personal liability insurance B. public liability insurance C. professional indemnity insurance D. employers liability insurance Correct Answer: Option B…
A. ''Act'' only B. third party only C. fire and theft D. comprehensive insurance Correct Answer: Option B B. third…
A. average clause is applied B. sum insured has been exhausted C. sum insured has not been exhausted D. payment…
A. a new policy B. an endorsement C. a specification D. a rectification Correct Answer: Option B B. an endorsement…
A. extent of the cover granted B. right to cancel the insurance contract C. right to take possession of the…
A. utmost good faith B. proximate cause C. insurable interest D. contribution Correct Answer: Option C C. insurable interest Explanation…
A. natural premium B. level premium C. risk premium D. pure premium Correct Answer: Option A A. natural premium Explanation…