. …………..is an agreement between two insurance companies whereby one transfers a part of risk to other.

Related MCQs

• . ………is a form of agreement between two parties in which one party agrees to make good for loss of another.
• Which of the following statements is/are true? (i) An error in casting the subsidiary books is an error of commission (ii) An error in wrong casting of the sales day book will not affect the personal accounts of debtors (iii) Mistake in transferring the balance of an account to the Trial Balance will not affect the agreement of the Trial Balance (iv) The mistake of treating a liability as an income or vice versa will not affect the agreement of a Trial Balance
• When there is a change in the current partners’ association that results in ending the existing agreement and initiate a formation of a new agreement is known as Sol:
• The agreement of insurance is called as ………..
• A company registered with Registrar of Companies under Indian Companies Act is called as………..
• The commission earned by insurance companies from others for giving them business under reinsurance is called …………………
• The commission given by insurance companies to others for receiving business under reinsurance is called …………………
• Profit and Loss Account of General Insurance Companies are prepared in …………
• The consideration in insurance for covering the risk is called ………….
• . ……………is the party who undertakes the risk in insurance.