Insurance Testing | Mock Test 1 An amendment to insurance policy that becomes a part of the insurance contract and that either expands or limits the benefit payable under the contract is a. dividend option b. policy term c. policy rider d. retrocession [bg_collapse view=”button-green” …
Insurance Testing | Mock Test 1 Owners of mutual insurance companies are a. Subscribers b. Individual Investors c. Stock holders d. Its policy holders [bg_collapse view=”button-green” color=”#FFF” icon=”arrow” expand_text=”Show Answer” collapse_text=”Hide Answer” ]Answer : Its policy holders [/bg_collapse] 2 Owners of stock insurance companies are …
Insurance Testing | Mock Test 1 ___________ risk are insuable a. Pure b. Speculative c. Actual d. expected [bg_collapse view=”button-green” color=”#FFF” icon=”arrow” expand_text=”Show Answer” collapse_text=”Hide Answer” ]Answer : Pure [/bg_collapse] 2 __________person who decides weather to accept the risk or not? a. binder b. underwriter …