Perils of Motor policy, exclusions and Apptitude test and Reinsurance related

Question

Accepted Answer

Perils of Motor policy, exclusions, and Aptitude test and Reinsurance related

Perils of Motor policy refer to the risks covered by the policy, such as accidents, theft, fire, etc.
Exclusions are situations or events not covered by the policy, like intentional damage or racing.
Aptitude tests may assess problem-solving, analytical, and decision-making skills for the managerial role.
Reinsurance is a process where an insurance company transfers a portion of its risk to another insurer.
Examples of perils in motor policies include collision, vandalism, natural disasters, and third-party liability.

Accepted Answer

Yes, motor insurance is the bond with term and conditions for committed period.