________ is the total premium that a policy holder pays

Related MCQs

• Policy holders are expected to pay premium on due dates, a period of 15-30 days is allowed as grace to make payment of premium from the due date is _________
• Gross premium means Net premium plus ________
• The policy holder’s duty to disclose material fact lies at the time of
• ________ means a premium which remains unchanged through out the life of a policy.
• 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
• The receipt and rate of premium is mentioned in _____ clause.
• 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.
• ______ are those terms, which are written on the policy.