Question
A provision added to a home owners insurance policy that automatically adjusts the coverage limit on the dwelling each time the policy is renewed to reflect current construction costs is termed as?
More Insurance Awareness Questions
- IRDAI has introduced the concept of insurance repository in the year_____.
- The Private equity investors shall not hold more than _________ percent of the paid up equity share capital of the Indian insurance company.
- What is the role of an actuary in the insurance industry?
- Which of the following does NOT form a part of “Book” price calculation?
- Funds that a lender collects to pay monthly premiums in mortgage and home owners insurance, and sometimes to pay property taxes is called?
- What is the difference between "reinsurance" and "co-insurance"?
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- when a company has declared that there will be a dividend in the future but has not yet paid it out, it is known as?
- A motor policy is usually valid for a period of ____ year and has to be renewed before the due date.
- What is the purpose of a deductible in an insurance policy?
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