IC11 - LICENTIATE - Practice Of General Insurance 11

IC11 - LICENTIATE - Practice Of General Insurance 11

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Q 1. Who does the Fidelity Insurance policy cover?

Non Govt employees

Semi Govt employees

Semi Govt employees

All employees of any organization

Private company employees
 
Q 2. As per the modern concept, the scope of customer service in insurance is _______

Not much

limited

very big

wide

not so wide
 
Q 3. Which insurance covers loss/damage to the satellite from the time of leaving the manufacturer's premises to the launch site?

Satellite Launch Insurance

Pre Launch phase insurance

Launch phase insurance

Manufacturing phase insurance

Transit phase insurance
 
Q 4. Householders insurance is allowed to be accepted by the _______ offices.

Operating office

Head office

Registered office

SEBI's office

IRDAI's office
 
Q 5.
What is the term used when employees sustain accidents or suffer illness?


Loss of Man-days


Loss of profit


Loss by legal liability


Loss of finance


loss of employment and wages

 
Q 6. Which act provides insurance liability against accidents occurring while handling any hazardous materials?

The Contract Act

The Workmen Compensation Act

The Public Liability Insurance Act

The SEBI act

The Employee State Insurance Act
 
Q 7. The treaty of reinsurance has a validity term of ________ year(s).

1

2

3

4

5
 
Q 8. A person's house catches fire and most of the furniture is damaged. The cost of replacing this furniture is Rs 300000. He convinces a furniture dealer to provide a cash memo of Rs 500000. What situation is this?

Under insurance

Over insurance

Claims fraud

Deductible

Claim payable
 
Q 9. Which policy section deals with damage to insured vehicles?

Own damage claims

Total Loss claims

Theft claims

Liability claims

Towing disabled vehicles
 
Q 10. Why do Moral hazards arise?

From natural calamities

From individual moral weakness

From carelessness

From low morale

from Laziness
 
Q 11. What are the services given by a TPA under an agreement with an insurance company?

Insurance Services

Financial services

Banking services

Agency services

Health services
 
Q 12. Under what are dumpers and tippers insured?

Heavy Vehicle

Marine cargo

Motor

Marine hull

Fire insurance
 
Q 13. ________ is the last step in Risk Management which is to monitor the results produced by implementing the various techniques selected.

Risk analysis

Risk review

Risk management

Risk evaluation

Risk identification
 
Q 14. For whom is the Janta Personal Accident (JPA) policy specially designed?

Rich sections of society

Weaker sections of society

All sections of the society

For people living in villages

For people living in cities
 
Q 15. Physical hazard is assessed based on ________.

nature of product

information is given in the form

contract

damages caused

risks

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