Question
An environment where insurance is plentiful and sold at
a lower cost, also known as a Buyer’s market is called?Solution
A soft market is a market that has more potential sellers than buyers. A soft market can describe an entire industry, such as the retail market, or a specific asset, such as lumber. This is often referred to as a buyer's market, as the purchasers hold much of the power in negotiations.
What is the primary function of a reinsurer?
When a demand is made by insured for payment of the benefits is called as?
A professional liability coverage for physicians, lawyers, and other specialists against suits alleging negligence or errors and omissions that have har...
A policy that covers loss or damage to a shopkeeper's property and business interruption is:
Which of the following is not the name of an Insurance Scheme launched by the Government of India?
What term applies to conditions that must be met before the insurer’s obligations arise?Â
What is the purpose of a "warranty" in an insurance policy?
The contractual term for the premium in an insurance contract is known as:
Which principle specifies an insured should not collect more than the actual cash value of a loss?
As per current norms in India, what is the maximum limit of No Claim Bonus (NCB) in percentage?
