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ATQ,
% of profit earned = [(36,800 - 32,000) ÷ 32,000] × 100
= (4,800 ÷ 32,000) × 100
= 15%
What is the primary purpose of facultative reinsurance?
The 'Insured's Declaration' form is typically filled by:
What is the primary function of a reinsurer?
Erection All Risks (EAR) Policy is also known as:
Which of the following is NOT a key step in the underwriting process?
Specific questionnaires in insurance proposal forms are common for:
A professional liability coverage for physicians, lawyers, and other specialists against suits alleging negligence or errors and omissions that have har...
IRDAI has the power to frame regulations under which of the following Section of the Insurance Act, 1938?
Once an insurance company has paid up to the limit, it will pay no more during that year is known as?
General Insurance Corporation of India (GIC) was established in:
