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Insurance Quiz

Authored by Amol Bobade

Social Studies

University

Used 2+ times

Insurance Quiz
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40 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person whose risk is insured is called ______

Insured

Insurance company

Agent

All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ is the first step of taking life insurance.

payment of premium

to fill proposal form

medical examination

Selection of Insurance Company

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______ is the primary principal of Insurance.

Principal of Indemnity

Principal of Insurable interest

Principal of Utmost good faith

All of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Indian Insurance act passed in _______.

1934

1936

1938

1956

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ insurance is not a contract of indemnity.

Fire

Life

Marine

None of these

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ grace days are allowed for yearly payment of insurance premium.

15

30

45

60

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The principle of indemnity is not applicable to _______ insurance

Fire

Life

Marine

All of these

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