Question
Contract under which the ultimate liability of the reinsurer is capped and on which anticipated investment income is expressly acknowledged as an underwriting component is called?
More Insurance Awareness Questions
- The 'No-Claim Bonus' is a discount offered by insurers for:
- If you might want to discontinue the policy, and take whatever money is due to you. The amount the insurance company then pays is known as?
- A risk or damage covered by an insurance policy is called as?
- In India _______________ insurance is mandatory.
- What is a coverage for bodily injury or property damage caused by an intoxicated person who was served liquor by the policyholder?
- Which type of insurance usually requires higher premium ?
- What is the purpose of a deductible in an insurance policy?
- ___________ is the liability arising from contractual agreements in which it is stated that some losses, if they occur, are to be borne by specific parties...
- The principle of construction ensures:
- Policy that can be cancelled or have the premium s raised by the insurer on a specific anniversary date, subject to certain reasons written into the policy...
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