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Debit & Credit for Prepaid Expenses

Select the op...

Question

Select the option from the choices given below:
A policy of insurance which covers definite risk is called ____ policy.

A

specific

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B

average

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C

valued

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D

general

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Solution

The correct option is A specific
A policy of insurance which covers definite risk is called specific policy. Specific policy covers only when that pre-determined specific event occurs. Specific policy can be defined as a type of policy which provides coverage for to one specific property.

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