The period for which a policy is taken known ……………….as period

Related MCQs

• A marine insurance policy is taken to cover the claims for loss of stock.
• The computation of loss by fire is very simple taken when a -------------- asset is destroyed
• Profit for the objective of calculating a ratio may be taken as
• A business takes a……………insurance policy to cover the claims for loss of stocks and loss of profit.
• …………………policy cover loss of gross profit sustained as a consequence of business interruption.
• A ---------- policy covers loss of stock, fixed asset, profit, expenses etc.
• Due to the inclusion of average clause in the fire insurance policy , an insured becomes a……………….in the event of under insurance.
• A policy of fire insurance is intended to protect the assured against the loss caused by fire.
• A fire policy covers loss of or damaged to insured property.
• If value of Insurance Policy is 21000, Stock on date of Fire is 24000 and Loss of stock is 20000 then Amount of Claim for stock will be ……………