Question
Find the sum of geometric progression, 40, 20, 10, 5,
…..Solution
Sum of geometric progression (G.P.), Sum = a / [1 –r] Given, a = 40, r = 1/2 Sum = 40/ [1 – ½] ⇒ 40/[1/ 2] = 80
Which of the following person is basically the representative of the customer and can sell the policies of more than one insurer?
__________ in insurance is the splitting or spreading of risk among multiple parties.
The “Malhotra Committee” was established to:
The contractual term for the premium in an insurance contract is known as:
Which of the following is NOT a duty of the insured in case of a loss?
In relation to insurance sector, what is the full form of FPR?
What is NOT a common express condition in an insurance policy?
What is the Fee paid to an agent or insurance salesperson as a percentage of the policy premium?
What is a form of non-proportional reinsurance?
The section of the policy that outlines what is NOT covered is called:
Relevant for Exams:
