__________ refers to the right of an insurer to refuse admittance of the claim by the insured.

Related MCQs

• _________ is a contract between two insures i.e. original insurer and another insurer.
• Re-insurer is the insurer who grants a guarantee from the _______
• When the same risk and subject matter is insured with more than one insurer is known as
• The insurer agrees to compensate the insured in consideration of a sum of money is called
• ________ means the transfer of all the rights and remedies available to the insured in respect of the subject matter to the insurer after indemnity has been effected.
• ………..principle in insurance mention the cause of loss must be direct and an insured one in order to claim for compensation.
• In cases where a Life Insurance Agent collects the premium from the policyholder and remits it to the insurer’s office, he is acting as an agent of _____
• _______ involves proportionate sharing of the insurance among more than one insurer.
• The proportion of the risk which the direct insurer holds on his own account is called _________
• The principle of _____________ ensures that an insured does not profit by insuring with multiple insurers