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When an insurer is aware that the total value of stock is more than the...

When an insurer is aware that the total value of stock is more than the sum insured and issues a policy on this basis, this is known as

A.

a real statement.

B.

a new for old policy.

C.

a first loss policy.

D.

an indemnity policy.

CII IF1 Summary

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  • Product: IF1
  • Update on: Jan 2, 2026
  • Questions: 100
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