Question
Losses other than property damage that occur as a result
of physical loss to a business for example, the cost of maintaining key employees to help reorganize after a fire is called?Solution
The conditionally renewable provision that allows an insurance company to cancel or not renew a policy benefits the insurer, not the policyholder. ... The insurer may increase the insurance premium on the policy if it decides to let the policyholder renew for another period.
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?
