Rahul is employed by Sunny. In respect of this employment, Rahul automatically has an insurable interest in Sunny’s life up to what limit, if any?

If Marie has twice as much money as Curie has, who has three times as much money as Sunny as has, what is the ratio of the amount of money Sunny has to the amount of money Marie has ?

A

1 : 8

B

1 : 6

C

1 : 4

D

1 : 2

According to common law, when should insurable interest be present in a life insurance contract?

A

At the time of taking policy

B

At the time of claim

C

Both A & B

D

None of the above

When is it essential for insurable interest to be present in case of life insurance?

A

At the time of taking out insurance

B

At the time of claim

C

Insurable interest is not required in case of life insurance

D

Either at time of policy purchase or at the time of claim

নৌ বিমার আহাজ ভাড়া পণ্য পৌঁছানোর পর পরিশোধ করা হলে, জাহাজ ভাড়ায় কার বিমাযোগ্য স্বার্থ বিদ্যমান? (Who has insurable interest on freight in marine insurance if the freight is paid after arriving goods at the destination?)

A

বন্দর কর্তৃপক্ষের (Port Authority)

B

ক্লিয়ারিং এন্ড ফরওয়ার্ডিং এজেন্টের (Clearing and Forwarding Agent)

C

পণ্য মালিকের (Cargo Owner)

D

শিপিং কোম্পানির (Shipping Company)

Sum of ages of sunny and Imran is Y years. If sunny is 12 years older than Imran , how many years old will Imran be Y years from now, in terms of Y?

A

Y-6

B

2Y-6

C

Y/2-6

D

3Y/2-6

Select the correct answer choice of the following Question : "Sum of ages of Sunny and Imran is Y years. If Sunny is 12 years older than Imran, how many years old will Imran be Y years from now, in terms of Y?"

A

Y-6

B

2Y-6

C

Y/2-6

D

3Y/2-6

Which of the following is not correct with regards to insurable interest?

A

Father taking out insurance policy on his son

B

Spouses taking out insurance on one another

C

Friends taking out insurance on one another

D

Employer taking out insurance on employees

In which of the following cases is insurable interest not present?

A

A person insuring his own life

B

A father taking out a life policy on the life of his son

C

A person insuring his colleague

D

An employer taking a life insurance policy on his employees

For a household insurance policy, insurable interest need only exist at outset and at what other point?

A

The date the cancellation period expires

B

The date a claim occurs

C

The date the policy document is received

D

The termination date

According to common law, when should insurable interest be present in a general insurance contract?

A

At the time of taking policy

B

At the time of claim

C

Both A & B

D

None of the above

Rahul is employed by Sunny. In respect of this employment, Rahul automatically has an insurable interest in Sunny’s life up to what limit, if any?

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