Policy stamp needs to be affixed on the

Related MCQs

• Which of the following is true? A. Policy form is a legal document. B. The warranties inserted in a policy safeguard the interest of the insured.
• Under ________ insurance, loss of profit policy is called as consequential loss policy
• 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.
• __________ policy matures on the assured death or on his attainment of a particular age whichever occurs earlier.
• ______ are those terms, which are written on the policy.
• Which of the following statements is true: Under a fire policy
• The policy holder’s duty to disclose material fact lies at the time of
• Endorsement can be used in a policy giving effect to
• Endorsement can be used in a policy giving effect to
• 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.