Insurance Awareness mcq questions and answers for competitive exams

The party to whom the rights of the insured under a policy are transferred is known as

A single insurance policy that combines several coverages previously sold separately is termed as

Which of the following insurance is a coverage for damage to a vessel or aircraft and affixed items?

Coverage for property taken or destroyed by breaking and entering the insured's premises, burglary or theft, forgery or counterfeiting, fraud, kidnap and ransom, and off-premises exposure is known as

Insurance Policy which is provided as an additional layer of security to those who are at risk for being sued for damages to other people's property or injuries caused to others in an accident is know

A policy which has terminated and is no longer in force due to non-payment of the premium due is called

A state tax on premiums paid by its residents and businesses and collected by insurers is called

The headquarters of Agriculture Insurance Company is located in

is the total benefit an insured person will receive at the time of claim.

is the liability of individuals, corporations, or partnerships for accidents caused by people other than employees for whose acts or omissions the corporations or partnerships are responsibl

The ratio of losses incurred to premiums earned actually experienced in a given line of insurance activity in a previous time period is called

If you stop paying the premium, but do not withdraw the money from your policy, then the policy is referred to as

The reinsurance bought by re-insurers to protect their financial stability is termed as

The headquarters of United India Insurance Ltd is located in

Which is used to determine the actual cash value of property at time of loss?