Insurance

Payment made for an insurance policy is termed

• Cash

• Shares

• premium

• Assurance

Which of the following can not be insured agaist?

• fire

• mismanagement of fund

• buglary

• marine

Which of the following insurance policy covers human beings and not properties?

• fire insurance

• marine insurance

• life assurance

• buglary insurance

An insurance company can be called?

• insured

• insurer

• customer

• supplier

A person who is insured by an insurance company is called?

• insured

• insurer

• businessman

• broker

An agreement between the insurance company and its customer can be found in?

• cover note

• proposal

• insurance policy

• premium

When an insurance company re-insure some risks with other insurance company is called?

• proposal

• under writting

• guarantee

• re-insurance

insurance is good for business men and women

• yes

• no

• maybe

• i dont know

Answer explanation

give reason

the type of insurance policy that covers against motor vehicle is called?

• marine insurance

• aviation insurance

• lorry insurance

• motor vehicle insurance