Question
What is the Fee paid to an agent or insurance
salesperson as a percentage of the policy premium?Solution
A commission is a service charge assessed by a broker or investment advisor in return for providing investment advice and/or handling the purchase or sale of a security. Most major, full-service brokerages derive much of their profits from charging commissions on client transactions.
The insurance in which risks are shared between multiple insurers is known as?
Specific questionnaires in insurance proposal forms are common for:Â
Insurance Policy which is provided as an additional layer of security to those who are at risk for being sued for damages to other people’s property o...
The New India Assurance Co. Ltd. was a subsidiary of which of the following company?
The principle ensuring an insured is not compensated more than the actual loss is:
 In which of the following year the Insurance Amendment Act abolished Principal Agencies?
Risks for which it is difficult for someone to get insurance is called?
The Employment State Insurance (ESI) Act of 1948 is applicable to all establishments having __________or more workers.
The first unit-linked insurance plan (ULIP) was launched by which of these countries?
Which of the following is NOT a key expense considered in premium calculation?
