Question

What type of insurance policies are considered under personal lines?

a.

Policies taken by firms and organizations

b.

Policies taken by individuals for commercial purposes

c.

Policies taken by individuals in an individual capacity

d.

Policies taken by individuals for collective purposes

Answer: (c).Policies taken by individuals in an individual capacity Explanation:Insurance on personal lines refers to policies taken or given in an individual capacity, such as life insurance, personal accident insurance, mediclaim insurance, and insurance of personal property of the individual.

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Q. What type of insurance policies are considered under personal lines?

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