The year of Insurance Act is ___________

(a)

1932

(b)

1935

(c)

1938

(d)

1940

When more than one Insurance policy is taken to cover the same subject matter is called as __________

(a)

Double Insurance

(b)

Single Insurance

(c)

Re-Insurance

(d)

Spot Insurance

The person who agrees to compensate the loss arising from the risk is called as______________

(a)

insurer

(b)

assurer

(c)

underwriter

(d)

all the above

_______is the basic principle behind every Insurance contract.

(a)

Co-operation

(b)

Consolidation

(c)

Co-Current

(d)

Convenience

The word 'Causa Proxima' means ________.

(a)

Nearest cause

(b)

Nearby cause

(c)

two causes

(d)

None of the above