IC38 - HEALTH INSURANCE AGENT EXAM - 14

Q1.___ Insurance is Available to Cover Both: Fundamental Risk and Particular Risk.
   a) Medical
   b) Life
   c) Commercial
   d) Agricultural
 
Q2.XYZ Private Limited has applied for an Insurance-Cover. The Premises are being inspected for determining the Actual Rate Applicable, and the Exact Premium is Not Finalized. In such a scenario, where the Preparation of the Policy is Pending, and for Providing the Cover on a Provisional Basis, Which of the following can be issued, by the Insurance Company?
   a) Certificate of Insurance
   b) Cover-Note
   c) Provisional Policy
   d) Temporary Policy, Subject to Conditions and Warranties
 
Q3.One of the methods of reducing insurance cost of an insured is ____
   a) Reinsurance
   b) Deductible
   c) Co-insurance
   d) Rebate
 
Q4.Shop insurance covers
   a) Dishonest acts of employees
   b) Dishonest acts of insured
   c) Dishonest acts of customers
   d) Dishonest acts of money lenders
 
Q5.Insured Declared Value of the obsolete vehicle is to be determined by
   a) The surveyor
   b) The insured
   c) The insurer
   d) The insured and insurer
 
Q6.Assessment of motor losses are done by the
   a) Underwriter
   b) Agent
   c) Surveyor
   d) Ombudsman
 
Q7.Delay in start-up policy is also known as _____.
   a) Machinery Loss of Profits cover
   b) Advance Loss of Profits cover
   c) Contractors All Risk cover
   d) Contractors Plant and Machinery cover
 
Q8.Clauses, Printed or Typed in the Margin of the Policy, are to be given --- then the Wording Within the Body of the Policy.
   a) Least Importance
   b) Equal Importance
   c) Not Important
   d) More Importance
 
Q9.Malicious Damage is Automatically covered under
   a) ICC (A)
   b) ICC(B
   c) ICC (C)
   d) Not covered under any of the above
 
Q10.Which of the following are not covered under Bankers Blanket policies
   a) Money In Transit
   b) dishonesty of the employee of the bank with respect to loss of money
   c) trading losses
   d) loss of securities by fire

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