A. exceptional clause B. revival clause C. accidental clause D. suicide clause Correct Answer: Option D D. suicide clause Explanation…
A. underwriter B. adjuster C. actuary D. broker Correct Answer: Option B B. adjuster Explanation A loss adjuster is an…
A. extent of the loss can be calculated B. risk will occur no matter the precaution taken C. risk may…
A. loss notification B. premium payment C. completion of the proposal form D. submission of policy paper to the insurer…
A. burglary policy B. public liability policy C. goods-in-transit policy D. money policy Correct Answer: Option D D. money policy…
A. adequate compensation to the insured B. payment of premium to the insurer C. that risk manager identifies the risk…
A. non-life requires renewal while life does not B. life requires renewal while non-life does not C. life is subject…
A. private car policy B. agricultural policy C. special type policy D. motor trades policy Correct Answer: Option C C.…
A. insurable interest B. goodwill C. premium D. valuable consideration Correct Answer: Option A A. insurable interest Explanation Insurable interest…
A. fidelity guarantee insurance B. marine insurance C. life insurance D. motor insurance Correct Answer: Option D D. motor insurance…