Question
Insurance premiums are payable in advance but the
insurance company does not fully earn them until the policy period expires is termed as?Solution
Earned premium is a pro-rated amount of paid-in advance premiums that has been "earned" and now belongs to the insurer. The amount of the earned premium equates to the sum of the total premiums collected by an insurance company over a period of time.
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:
