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?Solution
Subrogation is a term describing a legal right held by most insurance carriers to legally pursue a third party that caused an insurance loss to the insured. This is done in order to recover the amount of the claim paid by the insurance carrier to the insured for the loss.
Which of the following statement(s) about NBFCs is incorrect?
Calculate the Asset coverage ratio of JKL Ltd based on given information?
As per the Credit Guarantee Scheme for Micro and Small Enterprises, what is the maximum credit facility limit eligible for guarantee coverage when exten...
SEBI does NOT regulate _______.
ABC Ltd reports capital expenditure of Rs 12000, long-term asset sales of Rs 4000, and depreciation expense of Rs 1200. The long-term asset sales were f...
Given the following information, calculate the Deferred Tax Asset (DTA) or Deferred Tax Liability (DTL) amount if the tax rate is 30%:
Profits as...
Which of the following term is correct regarding Basic Savings Bank Deposit Account (BSBDA)?
The global demand for electric vehicles (EVs) has been steadily increasing due to growing environmental concerns and government incentives. However, the...
Employees who are _____ motivated tend to work at higher levels of productivity and strive to develop professionally.
The theory dealing with fiscal ______ is where the federal is trying to align government expenditure with government revenue.
