Final account of insurance company

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

General Insurance includes

• Marine insurance

• Miscellaneous insurance

• Fire insurance

• All A B and C

The insured is not allowed to make any profit is

• Life Insurance

• Fire Insurance

• Life and fire Insurance

• None of the above

Fire insurance is subject to

• Average clause

• Risk clause

• Escalation clause

• None of the above

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

• Floating policy

• Valued policy

• Comprehensive policy

• Specific policy

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

• Marine Insurance

• Double Insurance

• Reinsurance

• All of the above

The insurer who agrees to insure is called

• Over writer

• Underwriter

• Insurance

• B and C only

The policy which insurer the regular matter of for a specific period is called

• Time policy

• Valued policy

• Voyage policy

• Floating policy

General insurance companies must comply with the requirement of schedule

• A

• B

• C

• D

Schedule B is divided into _________ parts

• 5 parts

• 6 parts

• 10 parts

• 8 parts