The person whose risk is insured is called ________

Related MCQs

• Which principle suggests that insured should try to minimize the loss of his property even if it is insured?
• Which of the statement are true? A. Risk retention and risk transfer are some of the techniques to manage risks. B. Implementation is one of the steps in risk management
• __________ means insuring a risk with two or more insurers and the total sum insured also exceeds the actual value of the subject matter.
• Risk insured against death is a contract of _______-
• __________ is an age which a person or insured has attained in relation to a given date.
• 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.
• Risk management can be defined as the art and science of _________ risk factors throughout the life cycle of a project.
• 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
• The things or property insured is called ________ of the insurance