In an insurance, the immediate effective cause of an insured loss is known as:
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Keep practicing — related questions
- Any event that causes a loss and which may be included or excluded in an insurance policy is known as:
- Which of the following is applicable when the loss is the result of two or more causes?
- Proximate cause refers to the ________ cause which set(s) in motion a chain of events producing loss.
- The ratio of losses suffered to the amount of insurance in effect is known as
- The severity of loss increases due to dishonesty of insured is known as
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- Which of the following is not the principals of insurance?
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