A. actuary B. assured C. assessor D. agent Correct Answer: Option B B. assured Explanation An assured: Legal owner or…
A. 25 days B. 30 days C. 35 days D. 60 Correct Answer: Option B B. 30 days Explanation Grace…
A. motor insurance B. marine insurance C. fire insurance D. aviation insurance Correct Answer: Option B B. marine insurance
A. cover note B. endorsement C. certificate D. renewal note Correct Answer: Option B B. endorsement Explanation A cover note…
A. representative of the insured B. representative of the insurer C. insurance broker D. insurance consultant Correct Answer: Option B…
A. with common interest make claims every year B. with common risk insure with the same company C. with common…
A. recital clause B. condition C. specification D. operative clause Correct Answer: Option D D. operative clause Explanation The operative…
A. a lump sum is paid on maturity B. regular payments are made after maturity C. regular payments are made…
A. indemnity B. subrogation C. benefit D. contribution Correct Answer: Option C C. benefit Explanation A life insurance policy is…
A. agent B. broker C. consultant D. underwriter Correct Answer: Option B B. broker