......... is an agreement whereby the insurer agrees to indemnify the insured against losses due to sea and port perils

Related MCQs

• Transfer of rights and remedies of the insured to the insurer after indemnity has been effected is called
• When the same risk and subject matter is insured with more than one insurer is called............
• Maritime perils are also called..........
• Risk insured against death is a contract of.......
• When the subject is partially lost by a peril insured against, it is called..........
• The person who agrees to compensate the loss arising from the risk is called the ........
• ............... is the amount which the insurer is prepared to pay before the date of maturity of policy.
• The person whose risk is insured is called
• When the subject matter insured is destroyed wholly refers to.........
• When the amount for which a subject matter is insured more than its actual value, it is called...............