A. Inland marine insurance B. Inland fish insurance C. Marine cargo insurance D. Marine hull insurance AnswerOption: CRead More »
Insurance and Risk Management
A. Loading B. Claims management C. Underwriting D. Rate making AnswerOption: CRead More »
A. Liability loss exposure B. Crime loss exposure C. Human resource loss exposure D. Property loss exposure AnswerOption: ARead More »
A. Selective Decisions B. Objective Decision C. Deductible Decisions D. All of the above AnswerOption: CRead More »
A. Personnel Management B. Legal Advices C. Engineering Services D. Market Research AnswerOption: CRead More »
The ______ principle states that the business and individual should insure potentially serious losses before relatively minor losses.
A. Measurable Loss B. Large Loss C. Catastrophic Hazards D. Determinable Loss AnswerOption: BRead More »
A. Business point of view B. Risk point of view C. Nature of insurance D. None of above AnswerOption: ARead More »
The insurer according to which of the following principle, becomes entitled to all the rights of insured subject matter after payment because he has to pay the actual loss of the property.
A. Doctrine of subrogation B. Subrogation is substitution C. Subrogation uptown the amount of payment D. Subrogation may be applied for payment AnswerOption: BRead More »
A. Risk Financing B. Risk Retention C. Risk Management D. Risk Transfer AnswerOption: ARead More »
According to _____ model, an insurance company markets its products almost exclusive through the distribution channel of its banking parents.
A. The captive model B. The joint venture model C. The partnership model D. None of above AnswerOption: ARead More »
A. Banc-assurance B. Double Insurance C. Treaty Insurance D. Reinsurance AnswerOption: DRead More »
A. Risk Reduction B. Risk Retention C. Risk Avoidance D. Risk Transfer AnswerOption: CRead More »
A. Risk Reduction B. Risk Transfer C. Risk Avoidance D. Risk Retention Answer Option: CRead More »
____ is a contract between two or more insurance companies by which a portion of risk of loss is transferred to another insurance companies.
A. Banc-assurance B. Reinsurance C. Double Insurance D. Treaty Insurance Answer Option: BRead More »
A. 1938 B. 1986 C. 1990 D. 1998 AnswerOption: ARead More »