If the insured dies before the expiry of the term of the policy, is known as ________

Related MCQs

• Which clause specifies the perils insured in a scheduled form of policy?
• ________ Policy covers both fixed and current assets of insured manufactures.
• _____________ Policy is granted only in respect of stocks of inventories of the insured under fire insurance business.
• A memorandum added to a policy embodying some alterations to the terms of policy is known as
• When the same risk and subject matter is insured with more than one insurer is known as
• ________ means closure or writing off the policy before its actual maturity
• Under ________ insurance, loss of profit policy is called as consequential loss policy
• The principle of _____________ ensures that an insured does not profit by insuring with multiple insurers
• …………….principle means that the insured is not entitled to make a profit on his loss.
• The purpose of ………. Are to hold the negligent person responsible for the loss and prevent the insured from collecting twice for the same loss.