Question

What is the purpose of Keyman insurance?

a.

To protect business debts of a firm dependent on a key individual

b.

To protect against accumulation losses

c.

To protect against natural disasters

d.

To protect against financial fraud

Answer: (a).To protect business debts of a firm dependent on a key individual Explanation:Keyman insurance is used to protect business debts of a firm which is dependent on a key individual for continuing its business.

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Q. What is the purpose of Keyman insurance?

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