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Principles And Practice Of General Insurance
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Principles And Practice Of General Insurance
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25 Questions

1. Committee of reforms in insurance sectors during 1993 headed by ________.
2. The proportion of the risk which the direct insurer holds on his own account refers to ___________.
3. With profit policy is also termed as _______.
4. ____ insurance were amalgamated under GIC
5. Fundamental risk is also termed as _________.
6. When the same risk and subject matter is insured with more than one insurer is called as_______.
7. A policy which has been assigned, will revert to the assignor.
8. For settlement of claims, Insurer requires proper knowledge of ___________.
9. The insurance plays a role in the economic development of the country in following Ways ___________.
10. The constitution of the IRDA consists of not more than _________ members.
11. __________ is the appointing of a nominee under the policy.
12. General Insurance Business was nationalized under
13. The danger of loss from the unforeseen circumstances in future refers to ______.
14. The cash value of the policy, paid by the company upon the surrender of a policy before it becomes payable by maturity is known as __________.
15. The period of time for which the policy will normally remain in existence is known as _______.
16. Any risk involved a situation where there is a possibility of gain refers to ________.
17. Which of the following is the similarity between insurance and gambling?.
18. If the premium was due on 15th July and 16 August is a Sunday.
19. A person insured his goods worth Rs. 2000 for Rs. 1600 and suffers a loss of Rs. 1800. His claim can be for__________.
20. The Indian Insurance Act was passed in the year
21. The claim amount received from insurer are treated as ----------------.
22. Under Nomination, the Nominee gets only the right to receive the policy money in the ___________ of the policyholder.
23. Fire Insurance will come under
24. Cargo ship caught by fire is an example of __________.
25. Average clause is a fire policy_________________.

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