IC11 - LICENTIATE - Practice Of General Insurance 26

Find More Mock Tests Here

Q 1. Moral hazard means:

a) Dishonesty or character defects in an individual

b) Honesty and values in an individual

c) Risk of religious beliefs

d) Hazard of the property to be insured

Q 2. Which of the following statements is True (1) terrorism is an exclusion under the standard fire and special perils policy only. (2) Terrorism can be covered at an extra premium along with riot, strike, and malicious damage.

a) Statement 1 is True

b) Statement 2 is True

c) Both are true

d) Both are false

Q 3. Which of the following covers in Shopkeepers Package insurance is not included in Householders Package Insurance

a) Pedal cycles

b) Neon sign

c) Legal liability to employees

d) Fixed Plate glass

Q 4. Consent of insurers is not required for the assignment of

a) Marine hull policies

b) Marine cargo policies

c) Fire policies

d) Burglary policies

Q 5. All insurers in India will have to inform _________ every year while devising their re-insurance program.

a) IRDAI

b) RBI

c) LIC

d) Finance Ministry

Q 6. Disability income policies pay for

a) disability arising out of sickness

b) disability arising out of sickness/accident

c) disability arising out of employment injuries

d) hospitalization only for injuries

Q 7. Under personal accident cover for the owner-driver the capital sum insured for two-wheelers is

a) Rs. 25,000/-

b) Rs. 50,000/-

c) Rs.100,000/-

d) Rs. 2,00,000/-

Q 8. Which of the following is a classification of Commercial Vehicles?

a) Private Covers

b) Package Policy

c) Fire Risk

d) Goods Carrying Vehicles

Q 9. The Operative clause is also known by which other name?

a) Insuring Clause

b) Preamble

c) Signature Clause

d) Policy Condition

Q 10. Services of __________ are used to assess property losses.

a) Investigator

b) Underwriter

c) TPA

d) Surveyor and loss assessor

Q 11. Which of the following is True as per the Arbitration condition in fire and most miscellaneous policies (1) All differences in respect of a claim to be referred to arbitration (2) Differences regarding the amount of claim only to be paid on to be ref

a) Statement 1 is True

b) Statement 2 is True

c) Both on true

d) Both are false

Q 12. In the case of Motor Insurance of Private Cars if the age of the vehicle is less than 10 years then Which of the following is True?

a) Comprehensive Cover Shall be issued

b) Comprehensive cover subject to satisfactory inspection report

c) The act Covers only

d) Comprehensive cover subject to the satisfactory inspection report and additional excess

Q 13. Q13) The Third Party Administrators role mainly involves

a) Canvassing business for the insurer.

b) Issuing documents on behalf of the insurer

c) Checking and paying insurance claims

d) Sending renewal notices

Q 14. Mentioned below are some Insurance company stakeholders. Which is the odd one out?

a) Underwriter

b) Government or regulator

c) Shareholder

d) Policyholder

Q 15. Which of the following diseases is excluded under the Hospitalization Section of Tribal Package insurance?

a) Tuberculosis

b) Leprosy

c) Cancer

d) None


Find More Mock Tests Here