Category: IC57 FIRE AND CONSEQUENTIAL LOSS INSURANCE – 20

Que. 1 : Q1) Which of the following statements is True? (1) The sum insured under consequential loss (fire) policy should be equal to gross profits of the indemnity period selected. 2 the sum insured should be equal to the net profits of the Indemnity period selected.    1.  a) Statement 1 is True    2.  b) Statement 2 is […]