Vidyalelo
Commerce · Q169

Insurance

Graduate and Post Graduate · Commerce · question 169

Q169

If a policy document is lost, then

A.
Claim may be settled on the basis of an indemnity bond
B.
An advertisement may have to be placed in a newspaper if the amount to be paid is high
C.
Both A & B
Answer
D.
None of the above

Answer: Option C

Solution

Answer: Option C
Solution:
If a policy document is lost, then claim may be settled on the basis of an indemnity bond and an advertisement may have to be placed in a newspaper if the amount to be paid is high.