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Insurance Brokers b. 0000009677 00000 n Legal Principles in Insurance Overview Insurance contracts are complex documents embodying years of industry tradition, case law, and general practices. PRINCIPLES OF HUMAN RESOURCE MANAGEMENT Multiple choice questions with answers .pdf Test Your Answer Click Option Button. 0000012229 00000 n 0000006706 00000 n 0000005343 00000 n 0000007943 00000 n March 22, 2019 . Q1: Henry Fayol, F.W. 1956. To indemnify means to. Answer: d. 7. Candidates will be examined on the basis of English law and practice unless otherwise stated. B) put aside … Impact on the health or life of a person c. Leakage of toxic products into the atmosphere d. Effect on the healthy life of the neighbourhood e. All of the above 4. In Wright v. State Farm Mut. (b) The principles denote a cause and effect relationship. When was the General Insurance Council formed? The M05 syllabus provided in this examination guide will be examined from 1 May 2020 until 30 April 2021. Ins. 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In cases where a Life Insurance Agent collects the premium from the policyholder and remits it to the insurer’s office, he is acting as an agent of _____ a. IRDA b. the Insurance Company c. the Policyholder d. the broker e. the general public 14. General Principles of Insurance / Chapter 1 1-7 2011 Edition When an endorsement adequately states the coverage provided by the policy, it may constitute a contract. Multiple Choice Questions Circle the letter that corresponds to the BEST answer. 2. Answer. Life Insurance: It is a form of investment offering savings, It is an insurance contract, which covers the life-risk of the person insured. 0000010884 00000 n Prevent adverse situations from occurring b. 0000004533 00000 n 0000027294 00000 n A. Accounting Pdf Download Click Here . 0000002952 00000 n (d) All of the above. Insurance works on the principle of: a. Suitable general Insurance covers are necessary for every family. Insurance works on the principle of: a. 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