Question

Law of compensation is not bound:
(a) in sea insurance
(b) in vehicle insurance
(c) in life insurance
(d) in fire insurance

Answer 1

Answer:

(c) In life insurance.

Answer 2

Answer: The law of compensation is not bound in Life Insurance.

Explanation: Because life insurance is meant to provide a lump sum to your beneficiaries in the event of your death from natural causes and most diseases.

There are some circumstances under which policy benefits are not payable and some things that they don't cover.