Hazard in insurance means?

A. a situation that poses a threat to life or property B. a situation where there is no agreement C. event that cannot legally be insured D. event that has been insured in the past Correct Answer: Option A A. a situation that poses a threat to life or property...

The sum assured is the value of the?

A. claim B. policy C. premium D. penalty Correct Answer: Option B B. policy Explanation An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy...

Copyright warnings! Do not copy.