IC66 MARINE INSURANCE CLAIMS - 01

Que. 1 : Q1) In marine insurance an insured may abandon the subject matter to the insurers and claim a Constructive Total Loss. Say whether True or False.

   1.  a) True

   2.  b) False

   3.  

   4.  

Que. 2 : Q2) Which of the following is not relevant for General Average

   1.  a) Insured perils

   2.  b) York Antwrep rules

   3.  c) General average Act

   4.  d) None of the above

Que. 3 : Q3) A marine policy must specify which of the following?

   1.  a) the voyage-matter insured and the risk insured against

   2.  b) the sum or sums insured

   3.  c) the name or names of the insurer or insurer

   4.  d) All of the above

Que. 4 : Q4) In marine insurance if either of the party does not follow utmost good faith

   1.  a) the contract is void.

   2.  b) The contract is valid

   3.  c) The contract becomes voidable

   4.  d) None of the above

Que. 5 : Q5) Expand the term CSS Code with reference to marine cargo insurance.

   1.  a) Code of safe practice for cargo stowing & securing

   2.  b) Code of safe practice for cargo steering & securing

   3.  c) Code of safe practice for cargo stowing & steering

   4.  d) Code of safe practice for cargo staking & securing