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The correct answer is B. It mandates that insurers must receive premiums before assuming any risk. Section 64VB of the Insurance Act 1963 states that no contract of insurance shall be valid unless the premium or the first installment of the premium has been paid.
A box contains 6 Brown and 8 Blue caps. There is another box which contains 8 Brown and 7 Blue caps. One cap is to drawn from either of the two boxes. ...
From a pack of 52 cards, One card is drawn at random. What is the probability that the card drawn is a king or a heart?
In a box there are 12 orange, 5 white, and 7 blue balls. One ball is picked up randomly. What is the probability that it is neither white nor blue?
...One five letter word is to be formed taking all letters – U, Z, M, O and Q. What is the probability that this formed word will contain all vowels tog...
In a bag, there are 5 red balls, 6 green balls, and 9 blue balls. If two balls are drawn at random without replacement, what is the probability that bot...
A bag contains 8 red flowers and 11 yellow flowers. One flower is drawn at random. What is the probability that the flower drawn is a yellow flower?
A fair coin is tossed 6 times. What is the probability of getting exactly either two or three heads?
A bag contains 9 black and 10 white balls. One ball is drawn at random. What is the probability that the ball drawn is white?
A basket contains 8 pink, 12 violet, and 5 indigo balls. If 2 balls are picked at random without replacement, find the probability that the first ball i...
