. ……………is the party who undertakes the risk in insurance.

Related MCQs

• The party whose risk is covered in insurance is known as ……….
• The party responsible for the risk attached to the goods in consignment is
• The consideration in insurance for covering the risk is called ………….
• . …………..is an agreement between two insurance companies whereby one transfers a part of risk to other.
• . ………is a form of agreement between two parties in which one party agrees to make good for loss of another.
• If a bill is endorsed to a third party, the accounting entry in the books of the endorser, at the time of endorsement involves
• Reserve for unexpired risk is shown under
• Under the average clause, the loss is suffered by both insurer and insured in the ratio of risk covered Sol:
• In order to spread risk of under subscription, The principal underwriters may appoint
• General insurance policies are taken