In ‘Life Insurance Contract’ the insurable interest is examined at the time of– (A) Entering the contract (B) Filing the claim (C) Both (A) and (B) (D) Never  

1 Answer

Answer :

Answer: Entering the contract

Related questions

Description : Insurable interest must be present at the time of insurance proposal and payment of claims in– (A) Fire Insurance (B) Marine Insurance (C) Life Insurance (D) Motor Insurance

Last Answer : Answer: Fire Insurance

Description : Fire Insurance is based on the principle of– (A) Utmost Good faith (B) Insurable Interest (C) Indemnity (D) Cooperation

Last Answer : Answer: Indemnity

Description : Which is not a insurable risk ? (A) Accident Risk (B) Loss of Crops Risk (C) The Risk of Trading in New Market (D) The Risk of Sinking of a Ship

Last Answer : Answer: The Risk of Trading in New Market

Description : Life insurance is a contract of which one of the following ? (A) Indemnity (B) Guarantee (C) Contribution (D) Subrogation

Last Answer : Answer: Guarantee

Description : An Index is– (A) A filing system (B) A photostat procedure (C) The procedure to collect data (D) An important help in filing

Last Answer : Answer: An important help in filing

Description : Hospital did not submit claim to insurance until after the filing limit. Am I responsible?

Last Answer : You should seek professional legal help with this question.

Description : What is outsourcing of production and concentrating on marketing operations in international business, known as ? (A) Licensing (B) Franchising (C) Contract manufacturing (D) Joint venture

Last Answer : Answer: Franchising

Description : The Life Insurance in India was nationalised in the year– (A) 1870 (B) 1956 (C) 1960 (D) 1966

Last Answer : Answer: 1956

Description : In India private sector entered into the Life Insurance business in the year– (A) 1995 (B) 1998 (C) 2000 (D) 2001

Last Answer : Answer: 2000

Description : ‘Salvage Charges’ is related to– (A) Life Insurance (B) Marine Insurance (C) Fire Insurance (D) None of the above

Last Answer : Answer: Marine Insurance

Description : What is a systematic evaluation of a company's activities in a given area of social interest such as environmental protection, workplace safety or community involvement, called ? (A) Social responsibility (B) Social accounting (C) Social audit (D) Social forecasting

Last Answer : Answer: Social audit

Description : What is the theory of social responsibility that focuses on how companies respond to issues, rather than trying to determine their ultimate social responsibility, called ? (A) Corporate social performance (B) Corporate social responsiveness (C) Stewardship principle (D) Enlightened self-interest

Last Answer : Answer: Corporate social performance

Description : From the information given below, calculate Debt service coverage Ratio- Net profit after interest and Tax Rs. 40,000, Depreciation Rs. 5,000, Rate of Income Tax 50%, 10% Mortgage Debentures Rs. 60,000. Fixed Interest Charges Rs. 6 ... . (A) 4 06 times (B) 5 06 times (C) 6 06 times (D) 7 06 times

Last Answer : Answer: 4•06 times

Description : Contents of Marine Insurance include– (A) Insurance of Cargo only (B) Insurance of Freight only (C) Insurance of Hull only (D) Insurance of Cargo, Freight & Hull

Last Answer : Answer: Insurance of Cargo, Freight Hull

Description : In order to reduce the risk of heavy insurance the insurer passes on some business to the other company, it is called– (A) Reinsurance (B) Double Insurance (C) Joint Insurance Policy (D) Separate Insurance

Last Answer : Answer: Reinsurance

Description : Export procedure begins with– (A) Indent (B) Shipping order (C) Marine insurance (D) None of these

Last Answer : Answer: Indent

Description : In connection with marine insurance the ‘Doctrine of Utmost Good Faith’ is based on the concept of– (A) Disclosure (B) Concealment (C) Misrepresentation (D) None of the above

Last Answer : Answer: Disclosure

Description : General Insurance Corporation of India was set up in– (A) 1956 (B) 1972 (C) 1980 (D) 2000

Last Answer : Answer: 1972

Description : What is Marine Insurance?

Last Answer : Marine insurance is the oldest kind of insurance. It is that branch of insurance which relates to ships and their cargoes.

Description : What is C.I.F. (Cost Insurance Freight)?

Last Answer : This includes the cost of goods, insurance, freight and all charges upto to the port of import.

Description : Who is a insurance broker?

Last Answer : They arrange various types of insurance in connection with trade.

Description : patient died on 3/15/08. what is time limit for filing a hospital negligence claim?

Last Answer : Filing statues of limitations vary from state-to-state. Typically it is 3-7 years.

Description : What is the timely filing for corrected claim for United Healthcare?

Last Answer : Need answer

Description : Filing an Autoglass Repair Claim?

Last Answer : A small chip in auto glass can result in a significant repair to complete replacement. It is imperative to make repairs as quickly as possible to prevent further damage.Insurance Claim for ... insurance claim. Just make certain to ask for identification and read everything before signing anything.

Description : I would like to obtain a copy of the irs official "late filing" federal form to extend my return for 6 months. I am working in Philadelphia on contract. My home state is Michigan?

Last Answer : To get this extension go to www.irs.gov and under forms and publications print Form 4868 and the instruction booklet, follow the instructions, fill out the form and mail it in to the IRS to the address on the instruction booklet.

Description : I heard that the FDIC last year has raised the insurable limit on deposits from $100,000 to $250,000 is it true?

Last Answer : answer:Lend me $250,000 and I’ll get back to you on that one. :D It looks like is $250,000 now, at least until 2013? Several sources say it’s permanent though.” Check Please. :D

Description : Which of the following is false with respect to minor entering a contract? A. An agreement with or by a minor is void ab initio B. A minor can be a beneficiary of a contract C. The ... be enforced at the option of the third party D. A minor cannot ratify a contract on attaining majority

Last Answer : C. The contracts involving a minor as a beneficiary may be enforced at the option of the third party

Description : Which of the following is false with respect to minor entering a contract? (a) An agreement with or by a minor is void ab initio (b) A minor can be a beneficiary of a contract (c) The ... may be enforced at the option of the third party (d) A minor cannot ratify a contract on attaining majority

Last Answer : (c) The contracts involving a minor as a beneficiary may be enforced at the option of the third party

Description : A meeting of the shareholders held only once during the life time of the company is known as– (A) Meeting of the Directors (B) Meeting of the Creditors (C) Extraordinary General Meeting (D) Statutory Meeting

Last Answer : Answer: Statutory Meeting

Description : Which of the following is not an element of marketing mix ? (A) Product (B) Price (C) Promotion (D) Product life cycle

Last Answer : Answer: Product life cycle

Description : According to going concern concept a business entity is assumed to have– (A) A long life (B) A small life (C) A very short life (D) A definite life

Last Answer : Answer: A long life

Description : Under the SARFAESI Act, 2002, the Central Registrar may allow the filing of the particulars of creation of security interest within _____ next following the expiry of the period of initial thirty days on payment of additional fee. a) Ten days b) Thirty days c) Twenty-five days d) Fifteen days

Last Answer : b) Thirty days

Description : The matrix management model is based on a matrix of values between 0 and 9 for two primary variables. Which of the statements given above is/are correct ? (A) 1 only (B) 2 only (C) Both 1 and 2 (D) Neither 1 nor 2

Last Answer : Answer: Both 1 and 2

Description : Liability of a Company Secretary is– (A) Contractual only (B) Statutory only (C) Civil only (D) Both contractual and statutory

Last Answer : Answer: Both contractual and statutory

Description : Delegation of authority signifies the delegation of– (A) Authority (B) Responsibility (C) Both of the above (D) None of the above

Last Answer : Answer: Both of the above

Description : Government grants related to income as per the Accounting Standard (AS)-12 should be- (A) Presented as a credit in the statement of Profit and Loss (B) Presented as a deferred income on the asset ... of balance sheet (D) Presented both in the Profit and Loss statement and in the balance sheet

Last Answer : Answer: Presented both in the Profit and Loss statement and in the balance sheet

Description : Closing stock appearing in the Trial Balance is shown in– (A) Balance Sheet only (B) Trading Account only (C) Trading Account and Balance Sheet both (D) None of the above

Last Answer : Answer: Balance Sheet only

Description : Which one of the following statements about preparation of financial statements of a limited liability company is correct ? (A) Financial statements should be prepared according to the cash basis ... Financial statements should be prepared according to both the accrual and cash basis of accounting

Last Answer : Answer: Financial statements should be prepared according to the accrual basis of accounting only

Description : Receipts and Payments Account is an abbreviated form of– (A) Cash Book (B) Pass Book (C) Both Cash Book and Pass Book (D) None of the above

Last Answer : Answer: Cash Book

Description : The scheme allows the transfer of scrip once the export obligation is complete. Which of the statements given above is/are correct ? (A) 1 only (B) 2 only (C) Both 1 and 2 (D) Neither 1 nor 2

Last Answer : Answer: Both 1 and 2

Description : Legitimate power is the right to manage derived from delegation based on ownership or property rights. Which of the statements given above is/are correct ? (A) 1 only (B) 2 only (C) Both 1 and 2 (D) Neither 1 nor 2

Last Answer : Answer: Both 1 and 2

Description : Internal Audit is provided for in the– (A) Companies Act (B) Partnership Act (C) Both (A) and (B) (D) Neither (A) or (B)

Last Answer : Answer: Neither (A) or (B)

Description : What is an organization structure in which each employee reports to both a functional (or division) manager and to a project (or group) manager, known as ? (A) Strategic business unit (B) Departmentation by customer (C) Matrix structure (D) Departmentation by territory

Last Answer : Answer: Matrix structure

Description : The existence of a Partnership Firm is– (A) Separate from partners (B) Not separate from partners (C) Both (A) and (B) (D) None of the above

Last Answer : Answer: Not separate from partners

Description : In case of Contract of guarantee, if the creditor loses or parts with any security which the debtor provides him at time of contract, the surety is discharged to the extent of (a) The value of the security (b) The surety can be fully discharged (c) The surety can claim damages (d) All of the above

Last Answer : (a) The value of the security

Description : someone will advise me if I break the two-month notice period of the employment contract. The employer can claim damages, but in some deliveries governing the work area of foreigners, the employment ... , the employer will not be able to recover anything from me. Do I understand that correctly?

Last Answer : The question is confusing. A foreigner does not have our citizenship, so he cannot disappear. The contract could be terminated immediately if the foreigners expire their residence permit.

Description : Sonia contracts with Anshul to buy a necklace, believing it is made of pearls whereas in fact it is made of imitation pearls of no value. Anshul knows that Sonia is mistaken and takes no steps ... the contract C. Sonia can cancel the contract alleging undue influence D. Sonia can claim damages

Last Answer : B. Sonia cannot cancel the contract

Description : If the goodwill raised at the time of retirement of a partner is to be written-off, then the capital accounts of the remaining partners are debited in– (A) New profit sharing ratio (B) Capital ratio (C) Old profit sharing ratio (D) Sacrificing ratio

Last Answer : Answer: Old profit sharing ratio

Description : A company can forfeit shares if the– (A) shareholder fails to pay the amount of the call during the stipulated time (B) shareholder pays calls in advance (C) shareholder does not pay the application money (D) shares have been issued at par

Last Answer : Answer: shareholder fails to pay the amount of the call during the stipulated time

Description : Appointment of full time Company Secretary is compulsory in all those companies, whose paidup share capital is– (A) Rs. 50 lakhs or more (B) Rs. 1 crore or more (C) Rs. 2 crores or more (D) Rs. 3 crores of more

Last Answer : Answer: Rs. 2 crores or more