Question
A standing agreement between insurers and reinsurers. Under a treaty each party automatically accepts a specific percentage of the insurer’s business is termed as?
More Insurance Awareness Questions
- The amount charged by the insurer to provide the life cover to policy holder on the life of the life Insured is known as?
- An agreement between an insurance company and an agent, granting the agent authority to write insurance from that company is called?
- Which part of the policy includes details such as policy duration and limits of liability?
- A coverage that protects businesses engaged in electronic commerce from losses caused by hackers is termed as?
- What is the purpose of a "deductible" in an insurance policy?
- A 'Roadside Assistance' cover in a motor insurance policy provides:
- What is NOT a common express condition in an insurance policy?
- The conversion of insurance companies from mutual companies owned by their policyholders into publicly traded stock companies is termed as?
- Which of these changes would typically require an endorsement?
- Section 39 of Insurance Act related with which of the following ?
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