If the insured dies before the expiry of the term of the policy, is known as ________

Related MCQs

• 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.
• Which principle suggests that insured should try to minimize the loss of his property even if it is insured?
• ________ Policy covers both fixed and current assets of insured manufactures.
• _____________ Policy is granted only in respect of stocks of inventories of the insured under fire insurance business.
• ________ means closure or writing off the policy before its actual maturity
• Submitting a policy back to the insurer before maturity is ________
• Under ________ insurance, loss of profit policy is called as consequential loss policy
• Transfer of rights and remedies of the insured to the insurer after indemnity has been effected is called __________.
• Consideration on the part of the life insured in respect of a life insurance contract is
• The ________ is the party who gets his life or property insured against risks.