________ is also known as all risk policy

Related MCQs

• 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
• 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.
• Which of the statements is correct? Under a fire policy A. Insurance is a transfer of risk mechanism. B. Insurance gives physical protection to assets.
• The transit risk caused by fire is covered under ________ policy
• Re-instatement policy is also known as
• Marine policy is also known as ________
• 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
• __________ means insuring a risk with two or more insurers and the total sum insured also exceeds the actual value of the subject matter.