Insurance is based on the principle of _______.

Related MCQs

• Fire Insurance is based on the principle of ?
• Which of the following insurance contract is not based on the principle of indemnity.
• Which of the statements is correct? A. Insurance is a transfer of risk mechanism. B. Insurance gives physical protection to assets.
• In case of life insurance, insurable insurance should not exist?
• Which of the statements is correct? Under a fire policy A. Insurance is a transfer of risk mechanism. B. Insurance gives physical protection to assets.
• Motor insurance provides insurance cover to ________
• ________ insurance means an alternative to purchasing insurance in a commercial market.
• Re-insurance Treaties can be used for ________ re-insurance
• A Re-insurance of Re-insurance refers to
• ________ is based on the principle of co-operation