In a petroleum development company due to technical reasons a machine breakdown happened and the loss was estimated around OMR.6000. What type of insurance you suggest to the above company for covering the losses at least in future?

a.

Marine insurance

b.

Home insurance

c.

Fire insurance

d.

Boiler insurance

If the proposer intention is to seek undue advantage through the insurance policy, means that there is some:

a.

Moral hazard

b.

Physical hazard

c.

Physiological hazard

d.

Occupational hazard