Question

Which of the below statement best describes the concept of claim? Choose the most appropriate option.

a.

A claim is a request that the insurer should make good the promise specified in the contract

b.

A claim is a demand that the insurer should make good the promise specified in the contract

c.

A claim is a demand that the insured should make good the commitment specified in the agreement

d.

A claim is a request that the insured should make good the promise specified in the agreement

Answer: (b).A claim is a demand that the insurer should make good the promise specified in the contract Explanation:A claim is a formal request or demand made by the policyholder or beneficiary for the insurer to fulfill the promises and obligations outlined in the insurance contract, typically in the form of a financial payment.

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Q. Which of the below statement best describes the concept of claim? Choose the most appropriate option.

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