GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Event covered under insured’s policy agreement is called ____
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Pure Risk
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Provisions
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Product Liability
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Proximate Clause
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Explanation:
Detailed explanation-1: -In law and insurance, a proximate cause is an event sufficiently related to an injury that the courts deem the event to be the cause of that injury.
Detailed explanation-2: -“Proximate cause means the active, efficient cause that sets in motion a train of events which brings about a result, without the intervention of any force started and working actively from a new and independent source.” Insurers are liable if an insured peril is the proximate cause of the loss.
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