Question
Which principle specifies an insured should not collect
more than the actual cash value of a loss?Solution
Legal principle that specifies an insured should not collect more than the actual cash value of a loss but should be restored to approximately the same financial position as existed before the loss.
A policy that covers the cost of repairing or replacing damaged machinery is:
What is the abbreviation of GAAR?
Rajiv Gandhi Stadium of which city will be upgraded as Khelo India State Centre of Excellence under the Khelo India Scheme?
What covers professionals for negligence and errors or omissions that injure their clients?
The role of a risk engineer in the insurance process is to:Â
A person who investigates claims and recommends settlement options based on estimates of damage and insurance policies held is called?
Which of the following is a central index server that offers de-duplication services and acts as a KYC repository?
The part of the policy that is specific to each insured individual is:
The IRDA opened up the market in August 2000 with the invitation for application for registrations. Foreign companies were allowed ownership of up to __...
Third-Party Administrators (TPAs) are primarily involved in:
