Final account of insurance company

Final account of insurance company

University - Professional Development

20 Qs

quiz-placeholder

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Final account of insurance company

Final account of insurance company

Assessment

Quiz

Other

University - Professional Development

Medium

Created by

mahendra bokoliya

Used 26+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

General insurance is defined by

Section 5 (6C) of Insurance Act

Section 2 (6B) of Insurance Act

Section 11 (6D) of Insurance Act

Section 1 (6A) of Insurance Act

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

General Insurance includes

Marine insurance

Miscellaneous insurance

Fire insurance

All A B and C

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The insured is not allowed to make any profit is

Life Insurance

Fire Insurance

Life and fire Insurance

None of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fire insurance is subject to

Average clause

Risk clause

Escalation clause

None of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The policy in which the liability of the insurer is limited is

Floating policy

Valued policy

Comprehensive policy

Specific policy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When more than one policy is taken to cover the same ricks it is called

Marine Insurance

Double Insurance

Reinsurance

All of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The insurer who agrees to insure is called

Over writer

Underwriter

Insurance

B and C only

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