The ……………discovered by Jakob Bernoulls around 1700 forms the basis of modern insurance.

Related MCQs

• The first insurance contract was entered into by European maritime nations in 1347 to accept ……..insurance as a practice.
• ………..is the first comprehensive legislation governed both life and non-life branches of insurance was enacted to provide strict state control over the insurance business in India.
• ……………is insurance companies tying up with banks to sell insurance products.
• Motor insurance provides insurance cover to ________
• ________ insurance means an alternative to purchasing insurance in a commercial market.
• As per structured formula under the Motor Vehicle Act, victims of fatal injuries are paid compensation on the basis of:
• Risk is evaluated on the basis of ________ theory
• _____________ Policy issued on the basis of the number of persons assured.
• Insurance is a cooperative form of distributing a certain__________over a group of persons who are exposed to it.
• In legal sense, Insurance is a