Classes of Insurance

Insurance classes can be divided to Life Insurance and ___________

• Health Insurance

• General Insurance

• Motor Insurance

• Aviation Insurance

Which of the following is NOT the basic types of Life Insurance

• Term Insurance

• Whole Life Insurance

• Health Insurance

• Endowment Insurance

Motor insurance is a ______________insurance according to RTA 1987

• risky

• optional

• compulsory

• unpredictable

Act only cover provides the minimum cover required by law and only cover for

• TPBI

• TPPD

• Death

• Accident

Comprehensive coverage of Motor Insurance also known as___________

• Third party, Fire and Theft Insurance

• Second Party Insurance

• Act Only Insurance

• First Party insurance

Fire insurance NOT cover perils of ____________

• Fire

• Lightning

• Explosion

• Accident

Standard Fire Insurance cover loss or damage by explosion of gas used for _____________purpose.

Which of the following is the subject matter of fire insurance?

• Building

• Life insurance

• Liability

• Loss of profit

_________insurance cover damage to ship or vessel.

Total loss in Maritime losses are considered as Actual Total Losses and __________Total Loss.

• partial

• expenses

• salvage

• constructive