A. a favourable morale hazard B. a favourable physical hazard C. an unfavourable morale hazard D. an unfavourable physical hazard…
A. American merchants B. British merchants C. French merchants D. Portuguese merchants Correct Answer: Option B B. British merchants Explanation…
A. days of grace B. cooling off period C. rectification D. endorsement Correct Answer: Option B B. cooling off period…
A. provide a forum to improve insurance business B. prepare the insured's claims C. offer technical services in claim investigation…
A. indeterminate premium payment B. limited premium payment C. single premium payment D. modified premium payment Correct Answer: Option B…
A. vessel B. container C. consignment D. freight Correct Answer: Option C C. consignment Explanation Marine Cargo Insurance is a…
Insurer XYZ is jointly covered for two lines of surplus treaty reinsurance by reinsurers I, J, K, and L for…
A. benefit policies B. profit policies C. non-profit policies D. non-benefit policies Correct Answer: Option A A. benefit policies Explanation…
(i) premium loading (ii) double insurance (iii) excess imposition A. I and II B. I and III C. II and…
A. investigate the loss B. assess the risk C. present a claim D. appoint a loss assessor Correct Answer: Option…