Question
What is the principle of indemnity in
insurance?Solution
The insurer should compensate the insured for the actual financial loss suffered due to an unforeseen event or peril Explanation: The principle of indemnity requires the insurer to compensate the insured for the actual financial loss suffered due to an unforeseen event or peril, up to the amount of the sum insured.
Commend
(i) I could find no real fault with it so I would heartily commend it for use.
(ii) The judges also want to specially commend the ...
In the following question, a word has been used in sentences in THREE different ways. Choose the option corresponding to the sentences in which the usa...
In each question below, word is used in four different ways. Choose the option in which the usage of the word is INCORRECT or INAPPROPRIATE.
(A...
Each of the Following questions presents a word in bold, followed by three sentences using that word. The word may be used correctly or incorrectly in ...
- Below a word is given in three sentences. Find out which one/ones make/makes a correct usage of the given word and mark the option accordingly. If the sent...
Select the most appropriate antonym of the given word.
PERPETRATE
Principal
i. The school principal announced a new policy for student uniforms.
ii. He invested a large sum of money in...
Select the antonym of the given word.
LIBERTY
In each of the questions given below, two phrases in a sentence are highlighted which may or may not be correctly used. From the given choices, choose ...
Directions: In each question below, word is used in four different ways. Choose the option in which the usage of the word is INCORRECT or INAPPROPRIATE....
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