IC72 MOTOR INSURANCE EXAM - 01
| Q1.Which form is used to apply for an application for grant of tourist vehicle? |
| Form 45 |
| Form 46 |
| Form 48 |
| Form P.S.A |
| Form PCA |
| Q2.Whenever a surveyor has to be appointed for assessing a loss/claim, it shall be so done within __ of the receipt of intimation from the insured. |
| 24 hours |
| 36 hours |
| 48 hours |
| 60 hours |
| 72 hours |
| Q3.Fraud management is essential to ensure only genuine claims are settled. Some of the measures that can be adopted are documentary proofs of accident details which include __. |
| Witness statements |
| Photographs |
| Identities of witness |
| Identification of claimants by police |
| All of the above |
| Q4.In respect to the insurable interest of partners in a motor vehicle, which of the following statement is TRUE? |
| Partners always have an equal insurable interest in the motor vehicle |
| Partners have an insurable interest in the motor vehicle as per the partnership provisions |
| As per the provisions of the Motor Vehicle Act, the partner with the highest stake in the partnership always has the entire insurable interest in the motor vehicle |
| As per the provisions of the Partnership Act, the partner with the highest stake in the partnership always has the entire insurable interest in the motor vehicle |
| The insurable interest will be as per the Indian Contracts Act |
| Q5.Which of these documents are provided to independent Automobile Surveyors to assess the cause and extent of the loss? 1. Claim form 2. Copy of policy 3. Repairers estimate |
| Only 1 |
| Only 1 and 2 |
| Only 2 and 3 |
| Only 1 and 3 |
| All 1, 2 and 3 |
| Q6.The characteristics of a grievance redressal mechanism is /are - 1. It should be cost-effective 2. It should be efficient 3. It should be consumer-friendly |
| Only 2 |
| Only 1 and 2 |
| Only 2 and 3 |
| Only 1 and 3 |
| All 1,2 and 3 |
| Q7.As per Section 161, in respect of the death of any person resulting from a hit and run motor accident, the compensation is fixed at __. |
| Rs. 10000 |
| Rs. 25000 |
| Rs. 50000 |
| Rs. 75000 |
| Rs. 100000 |
| Q8.As per Section 14 which deals with the currency of driving licenses, a Learners's Licence is effective for ___. |
| Three months from the date of issue |
| Three months from the date of application |
| Six months from the date of issue |
| Six months from the date of application |
| One year from the date of issue |
| Q9.Under the basic elements of customer service, __ of the insurance company is shown if the insurance policy meets the customer's needs which are acceptable to him; financial strength of the company in the long term; interconnectivity of the operating branches, etc. |
| Reliability |
| Reasonableness |
| Empathy |
| Responsiveness |
| Assurance |
| Q10.As regards the scope and purport of __ of the Motor Vehicle Act, 1988, the Claims Tribunal is entitled to determine the amount of claim from the insurer, owner, or driver of the vehicle jointly or severally. |
| Section 160 |
| Section 163 |
| Section 168 |
| Section 161 |
| Section 169 |