This is the name given to the document sent by the insurer to the insured which states what has been agreed between two parties.
Form
Document
Contract
All of the above
The document name is Insurance Contract, Contract, Policy, Insurance Policy.
It is the prime responsibility of the insured party to take reasonable steps to minimise loss/damage to the insured property. Name the principle of insurance in this scenario.
Which document evidenced that the credit has been granted to the named person for the reason stated therein?
Which of the following documents is not a document related to the fulfill the customs formalities?
(a) Shipping bill
(b) Export licence
(c) Letter of insurance
(d) Proforma invoice
State True or False. Failure to make disclosure of material facts by the insured make the contract of insurance voidable at the discretion of the insurer.