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.

Related MCQs

• Which principle suggests that insured should try to minimize the loss of his property even if it is insured?
• The interest which the insured has in the subject matter of insurance is called ________
• If the insured dies before the expiry of the term of the policy, is known as ________
• ________ Policy covers both fixed and current assets of insured manufactures.
• _____________ Policy is granted only in respect of stocks of inventories of the insured under fire insurance business.
• Insurable interest means ________ interest
• When the amount for which a subject matter is insured is more than its actual value, it is called _________
• __________ is an age which a person or insured has attained in relation to a given date.
• ________ is a document issued in advance of the policy
• Transfer of rights and remedies of the insured to the insurer after indemnity has been effected is called __________.