Answer-What is accumulation hazard?

Question

What is accumulation hazard?

A The potential for a single event to cause a large number of losses. Correct Incorrect

B The increase in risk due to aging equipment Correct Incorrect

C The impact of inflation on insurance premiums Correct Incorrect

D The difficulty of accurately assessing the value of insured property Correct Incorrect

E None of the above Correct Incorrect

accumulation hazard is the potential for a single event to trigger numerous losses.

When a demand is made by insured for payment of the benefits is called as?
Which of the following term is not related with the Hazard?
The principle of utmost good faith requires:
The primary categories of insurance business in India are:
How many companies were merged to form the United India Insurance Company (UIIC)?
Which type of insurance policy provides additional coverage to easily movable property ?
_______ is basically a trade in which imported goods are re-exported with or without any additional processing or repackaging.
What is the purpose of a "warranty" in an insurance policy?
The central office of the Life Insurance Corporation of India (LIC) is located at?
Once an insurance company has paid up to the limit, it will pay no more during that year is known as ____________?

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