Question

Life Insurance Business means ____________________________________.

a.

Any contract where the payment of money is assured on the happening of any contingency dependent on human life or death (except death by accident only)

b.

Business of effecting contracts of insurance upon human life

c.

Any contract which is subject to payment of premiums for a term dependent on human life

d.

All of the above

Answer: (d).All of the above Explanation:“Life Insurance Business" means the business of effecting contracts of insurance upon human life, including any contract whereby the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, and any contract which is subject to payment of premiums for a term dependent on human life.

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Q. Life Insurance Business means ____________________________________.

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