Category: IC70 MARINE HULL INSURANCE UNDERWRITING AND CLAIMS – 12

Que. 1 : Q1) What is a temporary document issued by the insurer/ his authorized representative pending issuance of the policy?    1.  a) Letter of Credit    2.  b) Documentary    3.  c) Cover Note    4.  d) None of these Que. 2 : Q2) Though both ‘sacrifice’ & ‘expenditure’ are expressed in monetary terms, the distinction bears significant when it is to be […]