On the death of the bread-earner, two losses occur in the family-one is loss of human life and the other

Related MCQs

• Intimation of Death is the information of death to the________
• The ________ is the party who agrees to compensate the other person against possible losses.
• Which of the statements are true? A. Loss prevention and loss reduction mean different things. B. Risk maybe transferred by contract.
• ________ means to make good the actual loss and nothing more than the actual loss.
• The cause of loss or a contigency that may cause a loss is known as--------------
• Under ________ insurance, loss of profit policy is called as consequential loss policy
• Consideration on the part of the life insured in respect of a life insurance contract is
• Human life is the subject matter of a contract of ________
• Which of the statements is correct? A. One of the methods of risk retention is by way of voluntary excess or deductible available under the policy. B. Another method of retention of risk is to absorb small losses as normal operating expenses of business.
• When a firm buys insurance to cover losses caused by riots, the firm is