Duty to minimize loss is incorporated in the policies through _________

Related MCQs

• Relative variation of actual loss from expected loss is called………
• Which of the following steps in the risk management process helps in determining sum insured under policies?
• One who shares the risk under an insurance policy or policies is known as __________.
• The policy holder’s duty to disclose material facts lies at the time of ______
• If any risk is concerned with financial loss, it is termed as………..
• …………….. is a policy where the insurer undertakes to make good the loss upto the amount mentioned in the policy
• …………..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 ______