________ means closure or writing off the policy before its actual maturity

Related MCQs

• Submitting a policy back to the insurer before maturity is ________
• ________ means to make good the actual loss and nothing more than the actual loss.
• If the insured dies before the expiry of the term of the policy, is known as ________
• 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
• __________ means insuring a risk with two or more insurers and the total sum insured also exceeds the actual value of the subject matter.
• When the amount for which a subject matter is insured is more than its actual value, it is called _________
• __________ means a complete loss or destruction of the subject matter in the policy.
• ________ means a premium which remains unchanged through out the life of a policy.
• __________ means the body or frame of the ship or vessel and its machinery.