________ is a plan designed for businessmen and professionals as money is available periodically.

Related MCQs

• An unlooked mishap or an untoward event which is not expected or designed
• ________ 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.
• ________ plan also refers to an exclusive policy for exclusive people.
• 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.
• The insurer agrees to compensate the insured in consideration of a sum of money is called
• If more than one person claim the policy money is called _______
• Event of high frequency and low severity fall in the self-retention category
• 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 are true? A. Loss prevention and loss reduction mean different things. B. Risk maybe transferred by contract.
• Which of the statements is correct? A. The simplest way to deal with a risk is to avoid it. B. This technique is always possible and practical.