Question
A document given to an applicant for life insurance
stating that the company’s acceptance is contingent upon determination of the applicant’s insurability is known as?Solution
Life insurance policy receipt issued upon payment of the first premium by an applicant. It makes the policy in force before the policy documents are issued, provided the applicant meets all requirements.is called conditional receipt.
A policy that covers the cost of repairing or replacing damaged electronic equipment is:
A person who makes an insurance claim is called?
The largest general insurance company in the world by revenue is:Â
The insurance companies collect a fixed amount from its customers at a fixed interval of time. What is it called?
What is a quota share treaty?
A policy that covers the cost of repairing or replacing damaged machinery is:
What does the preamble of an insurance policy NOT typically include?
Coverage for bodily injury and property damage incurred through ownership or operation of a vehicle is called?
A type of insurance often used for high frequency low severity risks where risk is not transferred to an insurance company but retained and accounted f...
The Life Insurance Business is defined in which section of the Insurance Act, 1938?
