IC72 MOTOR INSURANCE EXAM - 03

Q1.Mr. Ashish, who has purchased a motor insurance policy 3 years back, has not made any claim throughout these 3 years. What percentage of no claim bonus can Mr. Ashish claim on OD premium if no claim is made or pending during the preceding 3 consecutive years of insurance?
   0.25
   0.3
   0.35
   0.4
   0.5
 
Q2.Loitering animals' that lead to accidents on road will be classified which of the below causes of accidents?
   Environmental cause
   Physical cause
   Human cause
   Wildlife cause
   None of the above
 
Q3.If a person forgets to renew his motor insurance policy, can he do it online?
   Yes, he can do it without any formalities
   Yes, he can do it only if the insurance company agrees
   Yes, he can do it but only after the inspection of the vehicle and satisfactory submission of documents to the insurance company by the surveyor
   This policy differs from company to company
   No, online renewal cannot be done once the policy has expired
 
Q4.With respect to 'Written Statement', identify the correct statement(s) - 1. Filing of the 'Written statement' has to be done within a period of 30 days from the date of service of summons 2. The 'Written statement' is to be filed before the first hearing 3. The 'Written statement' should have a specific pleading, either accepting or denying the liability
   Only 3
   Only 1 and 2
   Only 2 and 3
   Only 1 and 3
   All 1, 2 and 3
 
Q 5. Which of these statements is/are true with respect to 'Claim Search System’? 1. Used by insurers in deciding whether to sell a policy and set rate 2. Used to detect fraud 3. Help insurers identify policyholders claims histories
   Only 1
   Only 2
   Only 1 and 2
   Only 2 and 3
   All 1,2 and 3
 
Q6.An example of a pecuniary loss is ____.
   Damages for mental and physical shock
   Loss of marriage prospects
   Loss of conjugal happiness
   Discontinuance of any business
   Loss due to mental stress
 
Q7.A vehicle has been classified as class 'A-1’ as per the categorization of vehicles into classes. Which of the below vehicle is this class 'A-1' vehicle?
   Private Carriers
   Public Carriers
   Trailers
   MISC & SP Type
   Public passenger service vehicles for hire or reward
 
Q8.The time limit for filing a claim by the insured before the claim has been abandoned and not recoverable is ____.
   Within 60 days of rejection
   Within 90 days of rejection
   Within 180 days of rejection
   Within 200 days of rejection
   Within 12 months of rejection
 
Q9.The existence of the Tariffs in __ has muted competition to some extent.
   Fire
   Motor Engineering
   Workmen's Compensation
   All of the above
   None of the above
 
Q10.Once the vehicle is stolen, the UNTRACEABLE CERTIFICATE is issued by the authorities if the vehicle is not traced after a period of ___.
   30 days
   60 days
   90 days
   120 days
   180 days

Click Here for Answer Key