________ means closure or writing off the policy before its actual maturity

Related MCQs

• If the insured dies before the expiry of the term of the policy, is known as ________
• A memorandum added to a policy embodying some alterations to the terms of policy is known as
• Under ________ insurance, loss of profit policy is called as consequential loss policy
• __________ means insuring a risk with two or more insurers and the total sum insured also exceeds the actual value of the subject matter.
• When the amount for which a subject matter is insured is more than its actual value, it is called _________
• ________ means a premium which remains unchanged through out the life of a policy.
• __________ means the body or frame of the ship or vessel and its machinery.
• The policy for which the premium is payable throughout the life of the assured is known as
• Master policy is issued for ___________.
• ________ can be done by mere endorsement on the policy or by a separate duly stamped deed.