Category: IC57 FIRE AND CONSEQUENTIAL LOSS INSURANCE – 11

Que. 1 : Q1) In which of the following is not applicable in a RIV policy    1.  a) Designation of property    2.  b) Under insurance    3.  c) Depreciation    4.  d) Salvage value Que. 2 : Q2) What is meant by “Per Se” rating?    1.  a) “Per Se” rating means cover for each risk shall commence 15 days after the receipt of premium. […]