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. […]