CA Life Accident & Health Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
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Course
CA Life Accident
Institution
CA Life Accident
Insurance is defined as?
-:- A contract whereby one undertakes to indemnify another against loss, damage,
or liability arising from a contingent or unknown event.
A written instrument in which a contract of insurance is set forth is the?
An agreement between the insurer and the insured, the p...
✓ -:- Oral or written and be made at the time of, or before the issuance of the policy
A ________ may be altered or withdrawn before the policy is issued, but not afterwards.
✓ -:- representation
The injured party is entitled to rescind the contract if?
✓ -:- a representation is false in a material point
Is the financial rating of the insurer required to be specified in the insurance policy?
✓ -:- No
Under the Doctrine of Agency the....
✓ -:- principle (the insurer) is responsible for the acts of its agents.
Transacting insurance includes?
4|Page | Grade A+| 2024/2025
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