Practice Test | Kullabs.com
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  • Life insurance was started in England and other European countries in the ______ century.

    21st
    13th
    16th
    18th
  • The life insurance in modern lines was developed in the ______ century.

    22nd
    13th
    16th
    18th
  • Life insurance is also known as ______.

    anticipated contract
    foreseeable agreement
    predicatble contract
    contingent contract
  • "Life insurance contract may be defined as the contract whereby the insurer in the consideration of a premium undertakes to pay a certain sum of money either on a death of the insured or on the expiry of the fixed?period." Who gave this definition?

    B.M. Shrestha
    A.N. Agrawala
    G.D. Pandey
    M. N. Mishra
  • Non-life or general insurance includes ______

    miscellaneous insurance
    marine insurance
    fire insurance
    all the options are correct
  • ______ is a contract in which the insurer promises to pay a certain sum of money to the insured in case of loss of properties caused by setting a fire within specified period of time.

    Motor insurance
    Marine insurance
    Avation insurance
    Fire insurance
  • "Fire insurance is a device to compensate for the loss consequent upon?destruction?by?fire." Who gave this definition?

    O.P. Gupta
    Bill?Weipers
    M. N. Mishra
    A. Ashley
  • "Marine insurance has been defined as a contract between insurers and insured whereby the insurer undertakes to indemnify the insured in a manner and to the interest thereby agreed, against marine losses incident to marine adventures." Who gave this definition?

    M. N. Mishra
    Indian Marine Insurance Act, 1963
    Bill?Weipers
    A. Ashley
  • ______ is a process of making financial compensation against the loss caused by embezzlement, theft, error or fraud committed by the staff of the business.

    Fidelity guarantee insurance
    Employer's liability insurance
    Motor insurance
    Aviation insurance
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