Question
Consider A’s utility function to be
U(x,y)=(min{X,Y})1/2, the price of good X is Rs.2 and price of good Y is Rs.1. Calculate the total Utility of A if her income is Rs.60Solution
Which of the term is the used when a policy has lapsed due to non-payment of premium?
What is the main role of an insurance underwriter?
What is the Fee paid to an agent or insurance salesperson as a percentage of the policy premium?
Risks that affect simultaneously a great number of policyholders is called?
A written form attached to an insurance policy that alters the policy’s coverage, terms, or conditions is termed as?
Which of the following company is not a foreign insurance company?
If the total premium is Rs. 50,000 and the Limit of Liability is Rs. 20,000,000; what is the rate on line?
A policy that covers the loss of baggage during travel is:
In India, insurance has a deep-rooted history. It finds mention in the writings of?
Who determines the third-party insurance premium of the two-wheelers?
