The agreement of insurance is called as ………..

Related MCQs

• …………..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.
• The consideration in insurance for covering the risk is called ………….
• The commission earned by insurance companies from others for giving them business under reinsurance is called …………………
• The commission given by insurance companies to others for receiving business under reinsurance is called …………………
• The commission given by insurance companies to others for receiving business under reinsurance is called …………………
• ………is a form of agreement between two parties in which one party agrees to make good for loss of another.
• ………is a form of agreement between two parties in which one party agrees to make good for loss of another.
• ------ is an annual payment made by a life insurance company in consideration form a lump sum received.
• ------ is a device of reducing the risk undertaken by an insurance company.