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Explanation: According to Section 4 of the Partnership Act, a partnership is an association of two or more persons who have agreed to carry on a business together for profit. Therefore, the minimum number of partners required to form a partnership is two.
The principle of "subrogation" in insurance refers to:
A clause that allows the transfer of rights under a policy from one person to another, usually by means of a written document is called?
A policy that covers loss or damage to a householder's property is:
What are moral hazards in underwriting?
A single policy covering a group of individuals, usually employees of the same company or members of the same association and their dependents is called?
Which of the following types of companies/organisations issue ULIP?
Selling insurance through groups is called?
What is the grace period in case of monthly premium payment mode in insurance?
What does the preamble of an insurance policy NOT typically include?
Name the first life insurance company to function in India?
