Question
Which of the following principles of Insurance denotes
insurance of same subject matter with two different companies or with the same company under two different policies?Solution
Situation in which the same risk is insured by two overlapping but independent insurance policies. It is lawful to obtain double insurance, and the insured can make claim to both insurers in the event of a loss because both are liable under their respective polices. The insured, however, cannot profit (recover more than the loss suffered) from this arrangement because the insurers are law bound only to share the actual loss in the same proportion they share the total premium. Also called dual insurance
Which of the following best describes the tone of the passage?
In each question below, four words printed in bold type are given. These are numbered (A), (B), (C) and (D). One of these words printed in bold might e...
Why was it not possible for them to withdraw money from the bank?
Which of the following is most similar in meaning to the word 'indifference' as used in the passage?
Choose the word which is most nearly the same in meaning to the word ‘onus’ as used in the passage.
What led to the author warning the readers that they had to be careful while using the railways, or they might waste their time unnecessarily?
How, according to the passage, did African countries transform themselves from unattractive to popular tourist destinations?
Which of the following happened in Nepal in the 19th century?
How do the volunteers transform the park?Â
What is the ‘Undead limb’ being referred to?
