Question
The legal process by which an insurance company, after paying a loss, seeks to recover the amount of the loss from another party who is legally liable for it is termed as?
More Insurance Awareness Questions
- Which of the following is not one of the stages in product life cycle?
- In case of a motor accident, the first step to be taken by the insured is to:
- The 'Third-party liability' cover in a motor insurance policy protects the insured against:
- Which of these changes would typically require an endorsement?
- The Payment to the policyholder at the end of the stipulated term of the policy is called?
- All Risks Insurance is commonly used to cover:
- What is the abbreviation of IMCA?
- Which section of the Indian Insurance Act 1938 provides for nomination of a person?
- An amount of premium for which payment has been made by the policyholder but coverage has not yet been provided is known as?
- What is a coverage for bodily injury or property damage caused by an intoxicated person who was served liquor by the policyholder?
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