_________ is the maximum amount an insurance company will pay if an insured asset is deemed a total loss.

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Question:
_________ is the maximum amount an insurance company will pay if an insured asset is deemed a total loss.

1. Insurance value

2.Actual value

3.Replacement value

4. Guaranteed Replacement Cost

Posted Date:-2022-01-23 11:29:09

More MCQS Questions and answers

  1. A deductible is usually mentioned in
  2. A single policy covering a group of individuals, usually employees of the same company or members of the same association and their dependants is called _____
  3. Agriculture Insurance Company of India Limited (AIC) was incorporated in which year?
  4. Agriculture Insurance Company Of India Limited' (AIC was incorporated to exclusively cater to the insurance needs of the persons engaged in agriculture and allied activities in India under-
  5. An environment where insurance is plentiful and sold at a lower cost, also known as a Buyers market is called ______
  6. Coverage against loss through stealing by individuals not in a position of trust is called ________
  7. IBAI was incorporated as a Company under Section 25 of the Companies Act, 1956. What is the meaning of "B" in IBAI?
  8. In a life insurance contract, the stated sum of money to be paid to the beneficiary upon the insured's death is termed as ______
  9. In pursuance of which one of the following was the General Insurance Corporation of India was formed?
  10. In pursuance of which one of the following was the General Insurance Corporation of India was formed?
  11. In pursuance of which one of the following was the General Insurance Corporation of India was formed?
  12. In which among the following year National Insurance Company Limited (NICL) was incorporated?
  13. In which year New India Assurance Co Ltd nationalized?
  14. In which year New India Assurance Co Ltd nationalized?
  15. In which year New India Assurance Co Ltd was found?
  16. In which year New India Assurance Co Ltd was found?
  17. Insurance is legislated by:
  18. Insurance is listed in the Constitution of India in ______scheduled as Union List subject:
  19. Limit of FDI in Insurance sector:
  20. New India Assurance Co Ltd has branches in how many countries?
  21. Oldest (1818) life insurance company is:
  22. SEF is abbreviated as _____________________
  23. The New India Assurance Co. Ltd. was a subsidiary of which of the following company?
  24. The written insurance contract that may include all clauses, riders and endorsements. It is called?
  25. What is the CRISIL rating for New India Assurance Co Ltd located?
  26. What is the expanded form of the term ALM used in the banking sector?
  27. When was the General Insurance Council formed?
  28. When was the Insurance Regulatory and Development Authority constituted?
  29. When was Triton Insurance Company Ltd established?
  30. When was Triton Insurance Company Ltd established?
  31. Where is the head office of Agriculture Insurance Company of India Limited (AIC)?
  32. Where is the headquarters of New India Assurance Co Ltd located?
  33. Which is the first Indian Commercial Bank that was fully owned and managed by Indians?
  34. Which of the following is an example of Broad Form Insurance?
  35. Which of the following is not a part of India's Money Market?
  36. Which of the following is not a public sector bank in India?
  37. Which of the following statements is/are true about Co-operative Banks in India?
  38. Which of the following type of insurance product is/are available in New India Assurance Co Ltd located?
  39. Which one of the following does not belong to the main products of life insurance?
  40. Which type of insurance usually requires higher premium?
  41. . Which among the following companies has not contributed towards the share capital of Agriculture Insurance Company of India Limited (AIC)?
  42. . Which one of the following is the special drawing rights given by the International Monetary Fund to its member countries?
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  44. A method of valuing insured property or the value computed by that method is known as
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  48. Headquarter of LIC is situated at:
  49. In which city the head office of Corporation Bank is situated?
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  52. Life Insurance Corporation was found on:
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  54. New India Assurance Co Ltd is a type of?
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  60. What is the function of IRDA?
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