……………………………….is the party who agrees to compensate the other person against possible losses

Related MCQs

• The insurer agrees to compensate the insurer in consideration of a sum of money is called
• Insurance compensate losses
• ______ is an agreement whereby the insurer agreed to indemnity the insured against marine losses
• The person or company who bears the risk of providing money at the end of a period of time or losses due to accident are known as
• Third party claims are covered under Section ____ of the Motor Vehicle Act, which empowers the State Government to set up a Tribunal to adjudicate on the third party claims
• ……………………………….is the party who gets his life of property insured against risk
• -----------cheque cannot be transferred from one person to another person by mere delivery.
• ______________ is the right of a person to retain the property of another person in his possession untill the debt from that owner of that property is repaid
• _________ enable to regroup the losses suffered by people consequent on burglary or hour breaking
• The spreading of losses incurred by the few over the entire group is called