A) Claim may be settled on the basis of an indemnity bond
B) An advertisement may have to be placed in a newspaper if the amount to be paid is high
C) Both A & B
D) None of the above
✅ ANSWER: C
If a policy document is lost, then claim may be settled on the basis of an indemnity bond and an advertisement may have to be placed in a newspaper if the amount to be paid is high.
If a policy document is lost, then claim may be settled on the basis of an indemnity bond and an advertisement may have to be placed in a newspaper if the amount to be paid is high.