Question:
Given below are two statements :
Statement I: The 'doctrine of contribution' is not applicable to Marine Insurance.
Statement II: The fire Insurance policy carries surrender value or paid up value.
In the light of the above statements, choose the most appropriate answer from the options given below :
Given below are two statements :
Statement I: The 'doctrine of contribution' is not applicable to Marine Insurance.
Statement II: The fire Insurance policy carries surrender value or paid up value.
In the light of the above statements, choose the most appropriate answer from the options given below :
Statement I: The 'doctrine of contribution' is not applicable to Marine Insurance.
Statement II: The fire Insurance policy carries surrender value or paid up value.
In the light of the above statements, choose the most appropriate answer from the options given below :
Updated On: Mar 15, 2024
- Both Statement I and Statement II are correct
- Both Statement I and Statement II incorrect
- Statement I is correct but Statement II is incorrect
- Statement I is incorrect but Statement II is correct
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The Correct Option is B
Solution and Explanation
The correct answer is (B) : Both Statement I and Statement II incorrect.
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