__________ is a voluntary termination of the contract by the policy holders.

Related MCQs

• Policy holders are expected to pay premium on due dates, a period of 15-30 days is allowed as grace to make payment of premium from the due date is _________
• 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.
• Fire insurance contract is a contract of
• Insurable interest must be present in an ________ insurance contract at the time of contract and at the time of loss.
• 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 are true? A. Loss prevention and loss reduction mean different things. B. Risk maybe transferred by contract.
• Consideration on the part of the life insured in respect of a life insurance contract is
• Which of the following is an evidence of insurance contract?
• The clause which sets out the essence of the contract is