IC70 MARINE HULL INSURANCE UNDERWRITING AND CLAIMS - 08
| Q1.Clause 6.2 contains which of the following perils? |
| a) Barratry of master or crew |
| b) Negligence of Master, Officers, Crew or Pilots |
| c) Accidents in loading, discharging or shifting cargo or fuel |
| d) All of the above |
| Q2.In International Hull Clauses, Cover is given for parts that are taken off the vessel to the extent of 5% of the SI for a period of 60 days. In excess of 60 days, the risk is ___. |
| a) Normal Clause |
| b) Held covered |
| c) Additionally covered |
| d) Disbursements |
| Q3.The first set of comprehensive Hull Clauses, independent of the erstwhile S.G. Form was devised and came into effect in the London market in ___. |
| a) October 1962 |
| b) October 1975 |
| c) October 1983 |
| d) October 1999 |
| Q4.Marine Hull Insurance covers the loss or damage to a ship's___ |
| a) Machinery |
| b) Hull |
| c) Both of the above |
| d) Either of I or II |
| Q5.The proposer has a legal duty to disclose all material facts relating to the proposed insurance. If this duty is breached through non-disclosure or misrepresentation of material facts : |
| a) An insurer is entitled to charge an additional premium |
| b) An insurer is entitled to avoid liability under the policy |
| c) Both of the above |
| d) None of the above |
| Q6.As per the marine insurance act ____ means charges recoverable under maritime law by a salvor independently of contract. |
| a) Average Adjusters |
| b) Salvage Charges |
| c) Log Book |
| d) Indemnity |
| Q7.In case any accident occurs, the cause is known as |
| a) Risk |
| b) Peril |
| c) Damage |
| d) None of the above |
| Q8.In the case of ___, the insurable value is laid down in Section 18(2) of the Marine Insurance Act, 1963. |
| a) Valued policies |
| b) Unvalued policies |
| Q9.Which of the following Acts codifies the law relating to marine insurance? |
| a) Insurance Act 1938 |
| b) IRDA Act, 1999 |
| c) Institute Cargo Clauses, 1982 |
| d) Marine Insurance Act, 1963 |
| Q10.The wages of individual masters and workers are insurable in |
| a) W C Policy |
| b) Marine Cargo policy |
| c) Marine Hull Policy |
| d) Aviation Policy |