The party whose risk is covered in insurance is known as ……….

Related MCQs

• . ……………is the party who undertakes the risk in insurance.
• Under the average clause, the loss is suffered by both insurer and insured in the ratio of risk covered Sol:
• 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.
• Conversion of currency is covered in AS______
• Royalty accounting is covered under Companies Act 1956 Sol:
• The person in whose favour the bill is endorsed is known as __________.
• . ………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