After the conclusion of an insurance contract, the insured is responsible for_________.
A. payment of the insurance indemnity
B. payment of the premium
C. payment of the insurance amount
D. payment of the insurable interest
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After the conclusion of an insurance contract, the insurer is responsible for_______.
A. the issue of insurance policy
B. the issue of bills of lading
C. the issue of application for insurance
D. the issue of the ship
According to the CIC, if the insured amount exceeds the insurable value,____________.
A. the insurance contract will be invalid
B. the validity of the insurance contract will not be affected
C. the exceeding part will be invalid
D. the court will decide whether the insurance contract is valid or not
After the insurance accident occurs, the necessary and reasonable expenses paid by the insuredin preventing or minimizing the losses of the subject-matter insured shall be borne by __________.
A. the insurer
B. the insured himself
C. both the insurer and the insured
D. theinsurer'sassociation
The FPA clause of the CIC does not cover the__________.
A. total loss
B. partial loss caused by accidents
C. partial loss caused by heavy weather
D. general average
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