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