A tort refers to a civil wrong that causes harm or injury to another person or their property. It is a breach of a legal duty owed to someone else, leading to legal liability and potential compensation for the harmed party. Unlike criminal offenses, which involve violations of criminal law, torts are addressed through civil litigation in courts. In other words, a tort is a legal term referring to a civil wrongdoing that occurs when someone fails to fulfill their duty to another person, resulting in harm or injury.
What is the purpose of "excess" in an insurance policy?
Insurance companies that band together as self-insurers and form an organization that is chartered and licensed as an insurer in at least one state to h...
Which of the following is a central index server that offers de-duplication services and acts as a KYC repository?
A policy that covers damage to neon signs is:
What is the liability of individuals, corporations, or partnerships for accidents caused by people other than employees for whose acts or omissions the ...
One of the methods of reducing insurance cost of an insured is __________.
Life Insurance Companies cannot reject insurance claim after how many years ?
Which of the following principles of Insurance denotes insurance of same subject matter with two different companies or with the same company under two ...
The maturity age of a whole life policy is?
As we know, the Government is paying much attention to “Micro Finance” these days. Which of the following is one of the examples of Micro Finance?
