A contract of insurance is a_________ Contract.

(a)

Mercantile

(b)

Co-operative

(c)

Social

(d)

None of these

____________Policy is a plan which provides coverage to a number of persons under one contract.

(a)

Endowment

(b)

Money Back

(c)

Group Insurance

(d)

Term

Marine policies are divided on the basis of_______________.

(a)

Subject matter

(b)

Duration

(c)

Terms

(d)

All the above

As per Marine Insurance Act, 1963, a time policy which is made for any time exceeding___________months is invalid.

(a)

6

(b)

12

(c)

18

(d)

No time limit

____________Policy covers all types of risks to the ship and its cargo while the ship is at a particular port.

(a)

Voyage

(b)

Floating

(c)

Port risk

(d)

Time