The interest which the insured has in the subject matter of insurance is called ________

Related MCQs

• ________ means the transfer of all the rights and remedies available to the insured in respect of the subject matter to the insurer after indemnity has been effected.
• When the amount for which a subject matter is insured is more than its actual value, it is called _________
• __________ means insuring a risk with two or more insurers and the total sum insured also exceeds the actual value of the subject matter.
• Which of the statement is correct? A. Existence of the subject-matter is an express condition. B. There are no implied conditions in insurance contracts
• Which is not a subject matter of marine insurance
• Which principle suggests that insured should try to minimize the loss of his property even if it is insured?
• The subject matter of insurance is ________
• The things or property insured is called ________ of the insurance
• 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.
• Consideration on the part of the life insured in respect of a life insurance contract is