IC11 PRACTICE OF GENERAL INSURANCE EXAM - 12
Q1.When a Cover Note is issued, it is ____. |
valid for 30 days |
permanent |
temporary |
contractual |
specific |
Q2.What is not a peril but still covered under the Institute Cargo Clauses -ICC ( C ) clauses for sea voyage? |
Grounding |
Capsizing |
Explosion |
Sinking |
Stranding |
Q3.Where is the 'prohibition of rebates' mentioned? |
Claim form |
Endorsement |
Renewal notice |
Proposal form |
Policy form |
Q4.What does Commercial Pricing in a hard market refer to? |
Increasing the premium above book rates |
Decreasing the premium below book rates |
Special premium rates |
Below market deductibles |
Free add on covers |
Q5.The cover of stop-loss treaty based on __. |
Underwriters assessment |
Sum insured |
Loss amount |
Claims ratio |
Size of loss |
Q6.Underwriting returns are required by __. |
Regional Office |
General Office |
General administrative & department |
Post Office |
Head Office |
Q7.Workmen's compensation act provides insurance for which of the following liabilities? |
Loss due to floods or fire |
Liabilities in respect of railways as a carrier of goods |
Payment by employers to their employees compensation for injury by accident in course of employment |
Payment of compensation to employees for injury by accident in course of employment |
Loss, mis-delivery, or damage of any postal article |
Q8.Personal health insurance, home insurance, etc are examples of __. |
Wholesale insurance |
Retail insurance |
Hull insurance |
Corporate insurance |
Property insurance |
Q9.Whose position would be adversely affected by the undue delay in notification? |
Surveyor's |
Client's |
Agent's |
Insurer's |
Underwriter's |
Q10.What are the maximum reimbursement expenses for a damaged motorcycle's towing charges? |
Rs 100 |
Rs 300 |
Rs 500 |
Rs 750 |
Rs 1000 |