IC72 MOTOR INSURANCE EXAM - 39

Que. 1 : Q1) Maximum amount that is borne by the insurers as towing charges in case of Motor Cycles is

   1.  a) Rs 2,500

   2.  b) Rs 300

   3.  c) Rs 3,000

   4.  d) Rs 2,000

Que. 2 : Q2) Regional in-house Conciliatory Committee consists of Officer in charge of the Region,Officer in-charge of motor portfolio and one other Officer not below the rank of Manager and the present revised limit of financial authority of RICC for Motor TP Claims is ___________.

   1.  a) Rs.8,00,000

   2.  b) Rs.10,00,000

   3.  c) Rs.15,00,000

   4.  d) Rs.18,00,000

Que. 3 : Q3) Which of the following is a correct formula?

   1.  a) Pure premium = Frequency * Severity

   2.  b) Pure premium = Frequency / Severity

   3.  c) Pure premium = Frequency + Severity

   4.  d) Pure premium = Frequency - Severity

Que. 4 : Q4) A claim will be deemed to be abandoned or time-barred if a suit is not filed in a court of law within _________ from the date the insurer declines liability for the claim.

   1.  a) 3 months

   2.  b) 6 months

   3.  c) 9 months

   4.  d) 12 months

Que. 5 : Q5) By which section of Motor Vehicle Act Motor Vehicle Insurance is made obligatory for plying in public places

   1.  a) See 146

   2.  b) See 170

   3.  c) See 176

   4.  d) See 420