Business Studies

Fill in the blanks with suitable words in the following incomplete sentences.
The person who has accepted to pay the loss is called _________ in insurance.


SOLUTION
A person who buys insurance is known as an insured or as the policyholder. 
A person who undertakes to pay the compensation to the insured for the loss suffered is called "insurer".
View Full Answer

Its FREE, you're just one step away


Subjective Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 145
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
The Imperial Bank of India was renamed as State Bank of India in _______.
  • A. 1947
  • B. 1949
  • C. 1950
  • D. 1955

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Subjective Medium
Essay Type Questions:
Explain the various parts or layout of a business letter.

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Subjective Medium
Write short note on the following:
Types of life insurance policies.

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
For passing an ordinary resolution, _____ percent votes are necessary. 
  • A. more than 20
  • B. more than 30
  • C. more than 40
  • D. more than 50

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
The simultaneous activity of production and consumption of services is called _____________.
  • A. Inventory
  • B. Inconsistency
  • C. Inseparability
  • D. Intangibility

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer