The insurance indemnifies the insured any loss of profit arising from interruption of the normal activity

Related MCQs

• The profit and loss amount of general insurance companies are prepared in …………………………………..
• No profit and loss appropriation account is prepared in case of a…………… company.
• A banking company required to prepare its profit & loss account according to ……………………… of the III schedule of the Banking Regulations Act.
• Realization account is closed by transfer of profit/loss to
• To ascertain profit in life insurance business ………………. Prepared.
• The clause through which the insurance claim due to loss of stock is reduced to the proportion that the policy value is …………………………..
• The insurance claim due to loss of stock is reduced to the proportion that the policy value bears to the value of stock
• The claim lodged by the business to the insurance company on happening the event of loss is called …………………..
• Net claim on under insurance is equal to Loss of stock x value of stock On the date of fire
• Double insurance is common in ……………………. Insurance.