------ is a device of reducing the risk undertaken by an insurance company.

Related MCQs

• In the case of marine insurance reserve for unexpired risk is …..
• The consideration in insurance for covering the risk is called ………….
• ……………is the party who undertakes the risk in insurance.
• The party whose risk is covered in insurance is known as ……….
• …………..is an agreement between two insurance companies whereby one transfers a part of risk to other.
• ……….is an agreement between two insurance companies whereby one transfers a part of risk to other.
• In the case of marine hull insurance, reserve for unexpired risk is to be maintained @....... %of net premium
• In………., an existing company’s financial structure is reorganized without liquidating the existing company and forming a new company.
• In case of .............., one existing company takes over the business of another company and no new company is formed
• In case of .............., one existing company takes over the business of another company and no new company is formed.