Question
________covers operators of nuclear reactors and other
facilities for liability and property damage in the case of a nuclear accident and involves both private insurers and the federal government.Solution
Nuclear hazards clause is property insurance policy language that excludes from coverage any damage caused by nuclear reactions, nuclear radiation or radioactive contamination. The nuclear hazards clause is intentionally broad to protect insurers against paying the extraordinarily large claims that could otherwise result from such events, whether they are controlled or accidental and whether the damage is direct or indirect. However, an insurance policy will still cover losses from certain otherwise covered events, such as fires or theft, even if those events are caused by a nuclear event.
What is the primary purpose of a "burning cost" analysis?
Which of the following is not the name of an Insurance Scheme launched by the Government of India?
Insurance premiums are payable in advance but the insurance company does not fully earn them until the policy period expires is termed as?
The operative clause in an insurance policy is also known as:
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As per the Consumer Protection Act, 1986, who cannot be classified as a consumer?
As per the insurance act, early Death Claims can arise out of death during the first __________ policy years.
The first motor vehicle insurance policy was issued in the UK in:
An adjustable life insurance under which premiums and coverage are adjustable, company’s expenses are not specifically disclosed to the insured but a ...