Question

Which of the following statements are true and which are false?
(i) Marine insurance contracts are ordinary contracts while life insurance
is a contract of indemnity.
(ii) Fire insurance covers the risk of loss by fire where the cause of fire is
immaterial for making a claim from the insurance company
(iii) A ship may be insured against loss by perils of sea.
(iv) For an endowment policy, the insured has to continue paying premium
for the whole life.
Which of the following statements are true and which are false?
(i) Marine insurance contracts are ordinary contracts while life insurance
is a contract of indemnity.
(ii) Fire insurance covers the risk of loss by fire where the cause of fire is
immaterial for making a claim from the insurance company
(iii) A ship may be insured against loss by perils of sea.
(iv) For an endowment policy, the insured has to continue paying premium
for the whole life.

Answer 1

Answer:

1)false,2)false,3)true,4)fase