1、_____ is the party who insures the other against possible losses or damage, and undertakes to make payment in cases of loss.
A、The buyer
B、The policyholder
C、The insured
D、The insurer
2、Insured amount is the amount to be insured, normally ____ of the invoice value.
A、0.9
B、1
C、110% or 120%
D、1.3
3、The insurance premium is normally about _____ of the insured amount depending on the type of insurance.
A、0.02%-0.05%
B、0.05%-0.08%
C、0.07%-0.09%
D、0.08%-0.11%
4、_____ covers losses caused by leakage.
A、F.P.A
B、W.P.A
C、General additional risks
D、Specific additional risks
5、The insurance is covered for 120% of the invoice value _____ All Risks.
A、against
B、of
C、cover
D、under
6、The insurance policy is a formal contract-document issued by an insurance company to an ____.
A、buyer
B、seller
C、insured
D、policyholder
7、Insurance is to be _____ by the seller on behalf of the buyer for 110% of invoice value against WPA; premium is to be for the buyer’s account.
A、charged
B、bought
C、insured
D、effected
8、Regarding insurance, the coverage is _____ 110% of invoice value up to the port of destination only.
A、covering
B、for
C、against
D、under
9、Insurance policy is an evidence of _____ contract issued by the underwriter to the assured.
A、sales
B、insurance
C、business
D、carriage
