The capital of a company is divided into number of parts each one of which is called

The board of directors of a joint stock company is elected by

The person whose risk is insured is called _________ and the firm which insures the risk of loss is known as___________

The principle of indemnity is not applicable to which of the following:

Duration of fire insurance policy generally does not exceed how many years?

Which of the following is a contract of utmost good faith?

In which type of account if the deposit exceeds a particular limit, it is transferred to a fixed account?

Shanu owned a transport business in which he had six buses. He had purchased a fire insurance for all the buses. Due to a short circuit in the parking area, all the buses caught fire. Although Shanu lived nearby and saw the fire, he stood there without taking any steps. Shanu has a valid insurance. Which principle of insurance is being ignored in this case?

Laila is the owner of a factory. She has taken a loan from Shivani by providing the factory as a security for the loan. Shivani is extra cautious and so she takes a fire insurance policy for the factory. Can she do so?