Insurance Management 2
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Banking and Insurance Specialization.

Insurance Management 2
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25 Questions

1. _________ is a contract between two insures i.e. original insurer and another insurer.
2. ………..is the first comprehensive legislation governed both life and non-life branches of insurance was enacted to provide strict state control over the insurance business in India.
3. Marine insurance is for one year or for a specified ________
4. ________ is also known as all risk policy
5. ________ Policy covers both fixed and current assets of insured manufactures.
6. ________ means closure or writing off the policy before its actual maturity
7. Insurable interest must be present in an ________ insurance contract at the time of contract and at the time of loss.
8. ……… principle in insurance means maximum truth.
9. __________ provides evidence of insurance to the police and Registration Authorities under Motor Vehicle Act.
10. From the following which is not a type of Public Liability Risk Insurance
11. Property Insurance may not include ___________
12. ________ is the charge to be paid to the transportation of the goods.
13. Employee's State Insurance Corporation was established in ________
14. Policy holders are expected to pay premium on due dates, a period of 15-30 days is allowed as grace to make payment of premium from the due date is _____
15. _________ is known as Rashtriya Krishi Bima Yojana
16. __________ means the body or frame of the ship or vessel and its machinery.
17. A health insurance should be
18. If the insured dies before the expiry of the term of the policy, is known as ________
19. __________ means insuring a risk with two or more insurers and the total sum insured also exceeds the actual value of the subject matter.
20. The document which embodies the contract in insurance is called…………
21. Which of the following insurance contract is not based on the principle of indemnity.
22. The IRDA was set up in…………..
23. RPG rule 1988 set up an institution for building the confidence of the policy holders in insurance.
24. .The first insurance contract was entered into by European maritime nations in 1347 to accept ……..insurance as a practice.
25. .The LIC of India was set up in ……..to take over 245 life companies.

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