The spreading of losses incurred by the few over the entire group is called

Related MCQs

• ……………………………….is the party who agrees to compensate the other person against possible losses
• ______ is an agreement whereby the insurer agreed to indemnity the insured against marine losses
• _________ enable to regroup the losses suffered by people consequent on burglary or hour breaking
• The person or company who bears the risk of providing money at the end of a period of time or losses due to accident are known as
• Insurance compensate losses
• Insurance which provides cover for losses or damages that could occur to goods in transit on sea, rail, road or air is known as
• ____________ is also termed as group risk
• Bank a/c over the world are inter-linked through satellite provided by------------------.
• Creation of derivative deposit out of the money from primary deposit is called---------------------
• ----------- is also called Virtual Banking or anywhere banking.