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
Statements:
Some squares are circles.
No circle is a traingle.                Â
Conclusions:
Statements: Some songs are music.
All music are composers.
Some composers are lyrics.
Conclusions: I. Some songs are not lyric...
Statements:
All pens are pencils.
Some penicls are erasers.
Some erasers are sharpner.
Conclusions:
I. Some sharpn...
Statements:Â
Only a few Laptops are Notebooks.
No Notebook is Computer.
Only a few Notebooks are Bars.
Only a few Bars...
Statement:
Only a few Mobile are laptop.
No laptop is pen.
A few pens are pencil.Â
Conclusion:
I. Some mobile ar...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
Statement:Â
All books are student.
Only a few books are police.
Some students are doctor.
Conclusion:
I. Some b...
Statements: All cans are vessels.
Some vessels are jars.
All jars are containers.
Some container...
Some paints are not wires. Some cables are not bulbs. Some paints are not bulbs
In each question below are given three statements followed by three conclusions numbered I, II and III. You have to take the two given statements to be...
