IC74 LIABILITY INSURANCE MOCK SERIES
IC74 LIABILITY INSURANCE MOCK SERIES- Click Here
| Q1.Section 13 deals with which of the following? |
| a) Method of calculating wages for the purpose of the Act. |
| b) Civil court has no jurisdiction to deal with any question under the act which has to be decided by a Commissioner |
| c) Interest charges by the Commissioner |
| d) Commissioner has a power of a civil court |
| Q2.Which clause provides for notification of material alterations in the risk and the Insured has to notify, as soon as reasonably practicable of any fact which materially changes the information supplied to the company when the policy was effected? |
| a) Clause 9.4 |
| b) Clause 9.5 |
| c) Clause 9.6 |
| d) Clause 9.7 |
| Q3.Which condition says that no admission of liability shall be made by the insured and the insurance company shall have the right to conduct the defense or settlement of a claim? |
| a) Condition 1 |
| b) Condition 2 |
| c) Condition 4 |
| d) Condition 5 |
| Q4.Which phase involves a larger group of around 300 persons who are having the disease or medical condition for which the medicine is being tested and in this stage, safety and effectiveness are tested? |
| a) Phase I |
| b) Phase II |
| c) Phase III |
| d) Phase IV |
| Q5.CGL policy Clauses Section 1 Coverage A deals with? |
| a) Medical payments |
| b) Personal and advertising injury liability |
| c) Bodily injury and property damage liability |
| d) None of these |
| Q6.Dictionary meaning of the term 'liability' means _____. |
| a) Insurance |
| b) Responsibility |
| c) Eagerness |
| d) Accepted |
| Q7.The principle of ____ was laid down in the English case Ryland s v.Fletcher(1868) and the principal made an important departure from the law of negligence prevailing at that time. |
| a) Fatal accidents act,1855 |
| b) Absolute liability |
| c) Strict liability |
| d) Limitation |
| Q8.Which exception makes it clear that the policy is concerned only with the insured's liability arising under specified laws and not with any liability assumed by him under any agreement or arrangement? |
| a) Exception b |
| b) Exception c |
| c) Exception a |
| d) Exception d |
| Q9.What means injury, including consequential bodily injury arising out of the following offenses i) False arrest, detention or imprisonment ii) Malicious prosecution iii) The use of another's advertising idea in one's advertisement? |
| a) Injury |
| b) Personal and advertising injury |
| c) Damage |
| d) None of these |
| Q10.Which policy is also termed as Tech Errors and Omissions Insurance Policy? |
| a) Public liability insurance |
| b) Computer services and software developer's professional liability policy |
| c) Vehicle insurance policy |
| d) Agriculture liability policy |