Category: IC23 APPLICATIONS OF LIFE INSURANCE – 02

Que. 1 : Q1) Which clause permits each party to net amounts due against those payable before making payments?    1.  a) Set-off clause    2.  b) Arbitration clause    3.  c) Accounting clause    4.  d) Loss advices and accounting of losses clause Que. 2 : Q2) In which arrangement, the insurer cedes a fixed percentage of premiums and losses for every risk accepted […]