Multiple choice

If the insurer decides that a certain loss is not payable because it is not covered under the policy then who decides on such matters?

  1. Insurers decision is final

  2. Umpire

  3. Arbitrator

  4. Court of law
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

In insurance, the insurance policy is a contract between the insurer and the insured. Insurer determines which claims are legally required to pay. If the insurer decides that a certain loss is not payable because it is not covered under the policy, then such matters will be decided in the court of law.

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