When the amount for which a subject matter is insured more than its actual value, it is called............... | Faculties

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Mr. Dubey

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📊 Basics of Banking and Insurance

Q. When the amount for which a subject matter is insured more than its actual value, it is called...............

(A) over insurance
(B) reinsurance
(C) double insurance
(D) extra insurance

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✅ Correct Answer: (A) over insurance

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