_______ involves proportionate sharing of the insurance among more than one insurer.

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
• 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 _____
• The insurer agrees to compensate the insured in consideration of a sum of money is called
• __________ refers to the right of an insurer to refuse admittance of the claim by the insured.
• The proportion of the risk which the direct insurer holds on his own account 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.
• 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.