_______ involves proportionate sharing of the insurance among more than one insurer.

Related MCQs

• _________ is a contract between two insures i.e. original insurer and another insurer.
• Re-insurer is the insurer who grants a guarantee from the_______
• In ________ the individual risk is offered by an insurer for acceptance or rejection by re-insurer
• Insurance is a written agreement between the insurer and the________
• ________ is a valid contract between the insured on the one side and the insurer on the other
• Transfer of rights and remedies of the insured to the insurer after indemnity has been effected is called __________.
• The insurer agrees to compensate the insured in consideration of a sum of money is called
• __________ refers to the right of an insurer to refuse admittance of the claim by the insured.
• Under _________ no insurer will transit the business individually
• The insurer who obtains a guarantee is _________