Question
What is called when insurance contract comes into
existence when one party makes an offer or proposal of a contract and the other party accepts the proposal?Solution
Insurance contract come into existence when the person seeking insurance make an offer to the insurance company. If the insurance company accepts, this therefore become a contract between them and the insured has to pay some premium as consideration
More Insurance Awareness Questions
0.25 x 696 ÷ 0.3 = ?
((67)32 × (67)-18 / ? = (67)⁸
30% of 750 + ?% of 400 = 25% of 1016 + 3
240 × 2.5 + 65 × 2/13 = ?2 - √225
- What will come in place of (?) in the given expression.
(⅗ of 450) – (⅖ of 300) = ? 32 × 3 (54 – 15) + 186 ÷ 3 ÷ 2 – (21)² = ?
(286 ÷ 11 + 14) × 5 = 40 + 25% of ?
31% of 3300 +659 = ?
120% of 25 + 80 X 2 = ?2 - 6
18 × √225 + 378 ÷ √441 = ? × 9
