History of Insurance Quiz

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Who dictated the cuneiform law related to insurance in the ancient era?

Father Jean-Vincent Scheil

Jacques de Morgan

Hammurabi (correct)

OP

What was the purpose of insurance in the ancient era?

To provide long-term finance for the public and private sectors

To dictate cuneiform law and contractual terms

To spread risks from individuals to the larger community (correct)

To eliminate risks and ensure safe practices

What did Code of Hammurabi Law 100 stipulate regarding repayment of a loan?

Repayment without any written contractual terms

Repayment without any terms or conditions

Repayment only if a net income loss occurred (correct)

Repayment upon total loss due to an Act of God

What was the content of the stele found by Father Jean-Vincent Scheil, OP?

Cuneiform law dictated by Hammurabi (B) Signup and view all the answers

For what purpose did insurance providers demand the implementation of safe practices and installation of hydrants?

To eliminate risks and provide an important source of finance (B) Signup and view all the answers

According to Law 103, when is an agent, factor, or charterer relieved of their liability for an entire loan?

In the event of theft during the term of their charterparty with an affidavit of the theft provided to their creditor (C) Signup and view all the answers

What did Law 235 stipulate regarding shipbuilders and unseaworthy vessels?

Shipbuilders were liable for the replacement of an unseaworthy vessel to the ship-owner within one year of construction (A) Signup and view all the answers

What was the consequence for filing a false claim of loss according to Law 126?

Punishable by law (B) Signup and view all the answers

According to the Nerva–Antonine dynasty-era tablet, where was the burial society collegium established?

Lanuvium, Italia (D) Signup and view all the answers

In which publication was the historical account of the Severan dynasty-era life table compiled by Ulpian submitted by Joseph P. Bradley?

Journal of the Institute of Actuaries (D) Signup and view all the answers

Which historical figure dictated cuneiform law related to insurance in the ancient era?

Hammurabi (B) Signup and view all the answers

What did Code of Hammurabi Law 100 stipulate regarding repayment of a loan?

Repayment based on a specific date (C) Signup and view all the answers

According to Laws 101 and 102, when is a shipping agent, factor, or ship charterer required to repay the principal of a loan to their creditor?

In case of net income loss or total loss due to an Act of God (D) Signup and view all the answers

What was the purpose of insurance in the ancient era?

To spread risks from individuals to the larger community (C) Signup and view all the answers

Where was the burial society collegium established according to the Nerva–Antonine dynasty-era tablet?

Rome (D) Signup and view all the answers

According to Law 103, under what circumstances is an agent, factor, or charterer relieved of their liability for an entire loan?

If the agent, factor, or charterer is victim of theft and provides an affidavit of the theft to their creditor (C) Signup and view all the answers

What did Code of Hammurabi Law 235 stipulate regarding shipbuilders and unseaworthy vessels?

Shipbuilders were liable for the replacement of a lost vessel within one year of construction (A) Signup and view all the answers

What was the consequence for filing a false claim of loss according to Law 126?

Punishment by law (D) Signup and view all the answers

According to the Nerva–Antonine dynasty-era tablet, where was the burial society collegium established?

Lanuvium, Italia (A) Signup and view all the answers

In which publication was the historical account of a Severan dynasty-era life table compiled by Ulpian submitted by Joseph P. Bradley?

Journal of the Institute of Actuaries (D) Signup and view all the answers

History of Insurance Quiz

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Questions and Answers

Who dictated the cuneiform law related to insurance in the ancient era?

What was the purpose of insurance in the ancient era?

What did Code of Hammurabi Law 100 stipulate regarding repayment of a loan?

What was the content of the stele found by Father Jean-Vincent Scheil, OP?

For what purpose did insurance providers demand the implementation of safe practices and installation of hydrants?

According to Law 103, when is an agent, factor, or charterer relieved of their liability for an entire loan?

What did Law 235 stipulate regarding shipbuilders and unseaworthy vessels?

What was the consequence for filing a false claim of loss according to Law 126?

According to the Nerva–Antonine dynasty-era tablet, where was the burial society collegium established?

In which publication was the historical account of the Severan dynasty-era life table compiled by Ulpian submitted by Joseph P. Bradley?

Which historical figure dictated cuneiform law related to insurance in the ancient era?

What did Code of Hammurabi Law 100 stipulate regarding repayment of a loan?

According to Laws 101 and 102, when is a shipping agent, factor, or ship charterer required to repay the principal of a loan to their creditor?

What was the purpose of insurance in the ancient era?

Where was the burial society collegium established according to the Nerva–Antonine dynasty-era tablet?

According to Law 103, under what circumstances is an agent, factor, or charterer relieved of their liability for an entire loan?

What did Code of Hammurabi Law 235 stipulate regarding shipbuilders and unseaworthy vessels?

What was the consequence for filing a false claim of loss according to Law 126?

According to the Nerva–Antonine dynasty-era tablet, where was the burial society collegium established?

In which publication was the historical account of a Severan dynasty-era life table compiled by Ulpian submitted by Joseph P. Bradley?

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