Principles of insurance

Principles of insurance

11th Grade

11 Qs

quiz-placeholder

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Insurance

Insurance

11th Grade

10 Qs

Principles of insurance

Principles of insurance

Assessment

Quiz

Business

11th Grade

Medium

Created by

ayush yadav

Used 25+ times

FREE Resource

11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Krishna took a health insurance policy. At the time of taking insurance, he was a smoker and didn't  disclosed this fact to company Later, he got cancer. Will insurance company pay him ?

yes 

no

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Because of which principal insurance company didn't paid krishna ?

Subrogation

Insurable Interest

Utmost Good Faith

Proximate Cause

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The principle of indemnity is not applicable

to life insurance?

TRUE

FALSE

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

After getting the claim from the insurance company the ownership rights of the property are transferred under which which principle?

Indemnity

Proximate Cause

Subrogation

mitigation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to which principle of insurance the insured should do his best to reduce the damage to the insured goods?

MITIGATION

Indemnity

Contribution

Subrogation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the insured has taken two insurance policy can he take full claim for the damaged goods from both the insurers?

YES

NO

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to this principle, an insurance policy is

designed to provide compensation only

for such losses as are caused by the

perils which are stated in the policy?

Indemnity

Insurable Interest

Subrogation

Proximate Cause

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