When the amount for which a subject matter is insured is more that its actual value. It is called…..

Related MCQs

• When the amount for which a subject matter is insured is more than its actual value it is called _____
• When the same risk and subject matter is insured with more than one insurer is called as _______
• When the subject is partially lost by a peril insured against, it is called ___________
• The person whose risk is insured a is called ____________
• The person whose risk is insured is called __________
• Which of the following steps in the risk management process helps in determining sum insured under policies?
• Risk insured against death is a contract of _________
• Consideration on the part of the life insured in respect of a life insurance contract is _______
• Risk insured against death is a contract of ________
• ___________ policy is granted only in respect of stock of inventories of the insured under fire insurance business.