New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    An agreement between an insurance company and an agent, granting the agent authority to write insurance from that company is called?

    A Affirmative Warranty Correct Answer Incorrect Answer
    B Aggregate Limits Correct Answer Incorrect Answer
    C Aleatory contract Correct Answer Incorrect Answer
    D All-Risk Agreement Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    An affirmative warranty is a statement regarding a fact at the time the contract was made.

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