Question

ABC Company is seeking insurance for its tanker, an ocean going vessel. ABC Company will have to seek insurance under ___________

a.

Property insurance

b.

Marine hull insurance

c.

Marine cargo insurance

d.

Life insurance

Posted under IC85 Reinsurance Management

Answer: (b).Marine hull insurance Explanation:Marine hull insurance falls into two broad categories: ocean-going vessels and local crafts. The tanker mentioned in the question is an ocean-going vessel, so it would fall under the category of marine hull insurance. Therefore, option b is the correct answer. Options a, c and d are not relevant to the question as they refer to different types of insurance.

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Q. ABC Company is seeking insurance for its tanker, an ocean going vessel. ABC Company will have to seek insurance under ___________
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