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Which of the following means the act of throwing a part of the cargo overboard lighten the ship in emergencies?
e. Jettison
e. Jettison
See less__________ is a voluntary termination of the contract by the policy holders.
b. Surrender
b. Surrender
See less______ is the professionals who evaluate and analyse the risks involved in insuring people and assets.
e. Underwriter
e. Underwriter
See lessThe things or property insured is called ________ of the insurance.
a. Subject matter
a. Subject matter
See lessWhich among the following will lend ₹ 25000 Crore to National Highways Authority of India to fund highway projects?
a. LIC will lend ₹ 25000 Crore to National Highways Authority of India to fund highway projects.
a. LIC will lend ₹ 25000 Crore to National Highways Authority of India to fund highway projects.
See lessWhen the insurance companies tying up with banks to sell insurance such product is called _____
c. Bancassurance When the insurance companies tying up with banks to sell insurance such a product is called Bancassurance.
c. Bancassurance
When the insurance companies tying up with banks to sell insurance such a product is called Bancassurance.
See less______are agents but they can sell policies of several life and non-life insurance companies at a time.
b. Brokers are agents but they can sell policies of several life and non-life insurance companies at a time.
b. Brokers are agents but they can sell policies of several life and non-life insurance companies at a time.
See less______are independent professionals appointed by an insurance company to assess the loss or damage when a claim is notified under a policy issued by them.
b. Loss assessors are independent professionals appointed by an insurance company to assess the loss or damage when a claim is notified under a policy issued by them.
b. Loss assessors are independent professionals appointed by an insurance company to assess the loss or damage when a claim is notified under a policy issued by them.
See lessWhich of the following in the insurance are just like the retailers of any consumer product who help in selling and distributing the product?
c. Agents in the insurance are just like the retailers of any consumer product who help in selling and distributing the product.
c. Agents in the insurance are just like the retailers of any consumer product who help in selling and distributing the product.
See lessWhich of the following amendment has allowed cooperative societies to carry on insurance business?
c. Insurance (Amendment) Act, 2002 amendment has allowed cooperative societies to carry on insurance business.
c. Insurance (Amendment) Act, 2002 amendment has allowed cooperative societies to carry on insurance business.
See less