Category: IC01 PRINCIPLES OF INSURANCE – 11

Que. 1 : Q1) Which kind of risk is not insurable?    1.  a) A pure risk    2.  b) A particular risk    3.  c) A fundamental risk    4.  d) A financial risk Que. 2 : Q2) What distinguishes an wagering contract from an insurance contract and makes it non speculative ?    1.  a) Principal of utmost good faith    2.  b) Principal of Indemnity    3.  c) […]