Tag: meaning and definition of insurance
Questions Related to meaning and definition of insurance
State the following statement is True or False:
The principle of insurance under which the compensation paid to the insured which is equal to the actual loss is indemnity.
State the following statement is True or False:
Through insurance the risk is divided among many people.
State the following statement is True or False:
A document containing terms and conditions of insurance contract is called policy.One who calculates insurance and annuity premium is known as _____.
An agent is_________between his principal and the third party.
The abbreviation 'AAR' stands for _______________.
Which one of the following generalisations can be drawn from the principle of subrogation?
Insurance is based on the principle of ______________.
Insurance and garage rent is _______.
The general insurance corporation of India established under the ____________________.
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