The ________ is the party who agrees to compensate the other person against possible losses.

Related MCQs

• The insurer agrees to compensate the insured in consideration of a sum of money is called
• The ________ is the party who gets his life or property insured against risks.
• A person employed to do any act for another or to represent another in dealing with a third person refers to
• Fidelity Guarantee Policies cover losses due to fraud by ____________
• An international code of ________ rules applied to Marine losses
• Taylor Tobacco Company is concerned that the company may be held liable in a court of law and forced to pay a large damage award. The characteristics of the judicial system that increase the frequency and severity of losses is known as
• The ……….associated with the insurance business are agents, surveyors, loss assessors, brokers, third party administrators and banks.
• The cause of a possible loss, such as fire windstorm theft etc. is known as _____
• Insurance provides security against ________
• ________ is a package policy which provides protection against a number of separate points.