TR Katel

24.Ajay buys life insurance for his business partner. A year later, his partner leaves the company, and Ajay tries to claim life insurance benefits after his partner’s death. The insurer denies the claim..What principle will the insurer use to reject the claim?

11 months ago | [YT] | 0

TR Katel

23. Sita has an insurance policy for her house. She deliberately sets fire to her house to claim the insurance amount. What principle will the insurer use to reject the claim?

11 months ago | [YT] | 0

TR Katel

22. Which of the following is NOT a fundamental principle of insurance?

11 months ago | [YT] | 0

TR Katel

21. What does the law of large numbers help insurers do?

11 months ago | [YT] | 0

TR Katel

20. Which type of risk is insurable?

11 months ago | [YT] | 0

TR Katel

19. Which of the following statements about risk is correct?

11 months ago | [YT] | 0

TR Katel

18. What does "moral hazard" refer to in insurance?

11 months ago | [YT] | 0

TR Katel

17.Which of the following best defines risk in insurance?

11 months ago | [YT] | 0

TR Katel

16.What is the primary purpose of insurance?

11 months ago | [YT] | 0

TR Katel

15.In insurance, what does the principle of indemnity state?

11 months ago | [YT] | 0