Question

How is the amount of cover determined in partnership insurance?

a.

Based on the contribution to the share capital

b.

Based on the share of profit up to withdrawal

c.

Based on the goodwill of the individual partner

d.

All of the above

Posted under IC22 Life Insurance Underwriting

Answer: (d).All of the above Explanation:The amount of cover on each partner in partnership insurance is determined based on the contribution to the share capital, share of profit up to withdrawal, and the goodwill of the individual partner.

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Q. How is the amount of cover determined in partnership insurance?
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