__________ means a complete loss or destruction of the subject matter in the policy.

Related MCQs

• 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.
• ________ 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.
• ________ means to make good the actual loss and nothing more than the actual loss.
• 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
• The interest which the insured has in the subject matter of insurance is called ________
• Human life is the subject matter of a contract of ________
• The subject matter of insurance is ________
• Which is not a subject matter of marine insurance
• When the amount for which a subject matter is insured is more than its actual value, it is called _________