Answer-The principle of construction ensures:

Q: Answer-The principle of construction ensures:

Explanation The principle of construction ensures that the insurance policy is interpreted fairly and reasonably, giving due regard to the intentions of the parties involved.

Home
Questions
Insurance and Financial Market Awareness
Insurance Awareness
The principle of construction ensures:

Question

The principle of construction ensures:

A Insured's claims are always honored. Correct Answer Incorrect Answer

B Policy wording aligns with grammatical rules. Correct Answer Incorrect Answer

C Courts interpret printed words over handwritten ones. Correct Answer Incorrect Answer

D All ambiguities favor the insurer. Correct Answer Incorrect Answer

E None of the above Correct Answer Incorrect Answer

Solution

Explanation: The principle of construction ensures that the insurance policy is interpreted fairly and reasonably, giving due regard to the intentions of the parties involved.

Practice Next

More Insurance Awareness Questions

All of the following are considered to be drawbacks of local marketing EXCEPT:
Which crop does not contribute to food grain production?
The cultivation of flowers and ornamental plants for commercial and aesthetic purposes is known as:
In union budget 2023-24, the budgetary allocation of Livestock sector was ____
When the activity of one gene is suppressed by the activity of a non-allelic gene, it is known as
Golden rice is rich in:
The conversion of messages carried by mRNA into amino acid sequences is known as:
What is the name of a self-fruitful variety of Prunus domestica grown in India?
Scientific name of potato is:
Marketing research data is gathered by _____.

Thank You for posting your query. Please check your email for further guidance

Please Register/Login to Download Question