____________ Policy is a combination of floating and average policies

Related MCQs

• A fire policy containing an average clause is _________
• 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
• General Insurance policies are issued for a period of
• Life insurance policies are issued for ________ years duration.
• _______ policy covers both land and sea sides
• ________ Policy covers both fixed and current assets of insured manufactures.
• ________ are the rules formed to help in solving the cases of General Average Losses in foreign courts.
• 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.
• __________ policy matures on the assured death or on his attainment of a particular age whichever occurs earlier.