Question
A vessel is completely filled with milk. If 52% of the
milk is replaced with water then only 348 ml of milk will be left in the vessel. What is the total amount of mixture in the vessel after replacing milk with water?Solution
Quantity of water remained in Container = 42 Ă— 9/14 = 27 lit New quantity of water = 27 + 10 = 37 lit
What is a type of reinsurance in which the reinsurer can accept or reject any risk presented by an insurance company seeking reinsurance?
Event covered under insured’s policy agreement is called?
Which component of an insurance policy includes the name, logo, and contact details of the insurer?
The 'Insured's Declaration' form typically includes information about:
What is the purpose of a "loss adjuster"?
A survey to determine a property’s insurable value, or the amount of a loss is termed as?
If you might want to discontinue the policy, and take whatever money is due to you. The amount the insurance company then pays is known as?
Commercial coverage against losses resulting from the failure of business debtors to pay their obligation to the insured, usually due to insolvency is t...
What is the purpose of "File and Use" regulations?
Insurance Repository is a company formed and registered under which act?
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