Questions (4)
Q111EPFO2023
The principle of subrogation in insurance allows
- A investment of policy amount
- B refund for insured and insured's insurance company ✓
- C auto-renewal of policy
- D indemnification of the insured
✓ Correct answer: (B)
Commerce & Accountancy › Corporate Law
Q106EPFO2025
In case of contract of insurance, the principle which states that it is the duty of the insured to take reasonable steps to minimize the loss or damage to the insured property is called :
- A Principle of Subrogation
- B Principle of Utmost Good Faith
- C Principle of Co-operation
- D Principle of Mitigation
Answer key not yet available (pending official release)
Commerce & Accountancy › Corporate Law
Q107EPFO2025
Which one of the following is not a Contract of Indemnity ?
- A Contract of Fire Insurance
- B Contract of Life Insurance
- C Contract of Marine Insurance
- D Contract of Motor Insurance
Answer key not yet available (pending official release)
Commerce & Accountancy › Corporate Law
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