Question

31.20. Name the following:-
a) Insured should take the reasonable steps to
minimize the loss.
b) Insured is entitles to recover the loss
suffered by him, up to the limit of policy amount
c) An insurance policy for indemnifying the
insured for losses caused by damage to the
vessel.
d) A self service terminal that provides bank
customers with the facilities such as
withdrawing and deposit of cash, fund transfer,
obtaining abridged account statements and
closing balance, etc, but only through a unique
and secured pin.
e A facility wherein the bank allows its
current account holders to withdraw over and
above the closing balance, up to a specified
threshold. (Non-anonymous question ) (5 Points)​

Answer 1

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