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प्रश्न
Select the proper option from the options given below and rewrite the completed sentence.
Principle of utmost good faith is applicable to _________.
पर्याय
Life insurance
Marine insurance
All types of insurance
उत्तर
The principle of utmost good faith is applicable to all types of insurance.
Explanation:
The principle of utmost good faith asserts that both parties—the insurer and the insured—must disclose all material facts clearly, completely and correctly. This implies that the insured as well as the insurer should be faithful towards each other. Trust and honesty are the two values that are needed in all types of insurance agreements. Thus, all insurance agreements must be made in utmost good faith.
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संबंधित प्रश्न
Match the correct pairs :
| Group ‘A’ | Group ‘B’ |
| (a) Indian Companies Act (b) Air transport (c) HTTP (d) Trade Union (e) Directing |
(1) Cheapest mode of transport (2) Directly related to Human beings (3) Negotiations with management (4) 1956 (5) Hyper Transfer Text Protocol (6) 1932 (7) Not directly related to human beings (8) Costliest mode of transport (9) Encryption (10) To maintain solvency and prestige |
Select the proper option from the options given below and rewrite the completed sentence.
Overdraft facility is given to ________.
Select the proper option from the options given below and rewrite the completed sentence.
The account suitable for creating a saving habit is ________.
Select the proper option from the options given below and rewrite the completed sentence.
Bonded warehouses are located at ________.
Write Short Note on the following:
Nature of business services
Answer the following question in short:
State the nature of business services.
Features of Business Service?
Define services and goods?
What are services? Explain their distinct characteristics?
