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

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

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

    predicatble contract
    anticipated contract
    foreseeable agreement
    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?

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

    miscellaneous insurance
    fire insurance
    all the options are correct
    marine insurance
  • ______ 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.

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

    O.P. Gupta
    M. N. Mishra
    A. Ashley
    Bill?Weipers
  • "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
    Bill?Weipers
    Indian Marine Insurance Act, 1963
    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.

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