…………….. is a policy where the insurer undertakes to make good the loss upto the amount mentioned in the policy

Related MCQs

• The proportion of the risk which the direct insurer holds on his own account refers to _______
• When the same risk and subject matter is insured with more than one insurer is called as _______
• The proportion of the risk which the direct insurer holds on his own account refers to ___________
• Relative variation of actual loss from expected loss is called………
• If any risk is concerned with financial loss, it is termed as………..
• …………..is concerned with the conversion of a firms asset and earning power against risk of accidental loss.
• The danger of loss from the unforeseen circumstances in future refers to _____
• _________ is concerned with the conversion of a firm’s asset and earning power against risks of accidental loss.
• The person who agrees to compensate the loss arisingfrom the risk is called the ______
• On the death of the bread-earner, two losses occur in the family-one is loss of human life and the other _____