The consideration in insurance for covering the risk is called ………….

Related MCQs

• ------ 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.
• In the case of marine insurance reserve for unexpired risk is …..
• ……………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
• Which of the following is considered as an asset while calculating purchase consideration?
• Which of the following should not be considered as a part of purchase consideration?