Non Life IC True or False
Non-Life Insurance Quiz
Test your knowledge on non-life insurance concepts and policies with our engaging quiz! This quiz features 10 true or false questions that will challenge your understanding of various topics, from marine insurance to motor car policies.
Whether you are a student, professional, or simply interested in the field, this quiz is perfect for anyone looking to deepen their knowledge!
- 10 challenging questions
- True or False format
- Learn about non-life insurance
Comprehensive insurance issued to cover private houses and household under fire policy is otherwise known as a package policy.
True
False
The value of the ship is its value at the beginning of the risk including all articles or changes which add that permanent value.
True
False
There is reinsurance when the same risk is insured by several insurers repeatedly in respect to the same subject and interest
True
False
The definition of “insured” as used in the auto liability policy includes as insured the employees of a garage who may be operating the automobile with permission of the name insured
True
False
Death or bodily injury to any person in the employ of the insured arising out of and in the course of such employment is not compensable under a motor car policy.
True
False
Suretyship exists whenever one party guarantees performance by another party of an obligation or undertaking.
True
False
All risks policies include all perils.
True
False
If the insured property is more than 3❄4 destroyed, it may be abandoned to the company as a total loss, according to the standard fire policy.
True
False
Warranty in Marine Insurance is a stipulation forming part of the policy as to some fact, condition or circumstances relating to the risk.
True
False
If more than 2/3 of the goods value is actually lost the owner has the right to abandon and consider it a total loss.
True
False
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