Pecuniary Insurance Flashcards
1
Q
Property insurance is concerned with
A
Tangible Materials
2
Q
Pecuniary insurance is concerned with intangible such as
A
Income , revenue or value
3
Q
Which insurance is forward looking in trying to reflect the trading position that the insured would have been in had the loss not occurred
A
Business Interruption
4
Q
What is legal expenses insurance
A
Is to provide indemnity for costs arising out of the need to seek legal advice or to pursue or defend a civil action
5
Q
What is civil actions
A
Are those that are not prosecuted in the criminal courts
6
Q
What are prosecutes by the state and involve some kind of punishment for wrongdoers
A
Crime
