IC72 MOTOR INSURANCE EXAM - 03

Que. 1 : Q1) The surveyor will assess the claim on a Constructive Total Loss (CTL) basis under which of the circumstance/s?

   1.  a) Whenever a surveyor finds that a vehicle is beyond repairs

   2.  b) Whenever a surveyor finds that the cost of loss repair exceeds 75% of the IDV

   3.  c) Both of the above

   4.  d) None of the above

Que. 2 : Q2) Compensation for obtaining arrest, attachment or injunction on insufficient grounds such amount not exceeding __________ or subject to the limit of pecuniary jurisdiction of the court.

   1.  a) Rs.1,000

   2.  b) Rs.2,000

   3.  c) Rs.3,000

   4.  d) Rs.4,000

Que. 3 : Q3) What is the basis of motor insurance contract and it is so designed as to elicit all information necessary for a proper evaluation and for rating of the risk?

   1.  a) Proposal form

   2.  b) Agreement

   3.  c) Passport

   4.  d) Cover note

Que. 4 : Q4) Under which scheme or permit the passenger drives the vehicle himself and fare is charged on number of days the cab is used and the applicant should have a 24 hours accessible telephone, experience of passenger transport business?

   1.  a) Temporary permits

   2.  b) Stage Carriage Permits

   3.  c) Rent-a-Cab Permits

   4.  d) All India Tourist Permit

Que. 5 : Q5) Wherever, 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.

   1.  a) 24 hours

   2.  b) 54 hours

   3.  c) 72 hours

   4.  d) 86 hours