IC77 ENGINEERING INSURANCE EXAM - 10

Que. 1 : Q1) Average clause can be waived for Industrial All Risk policy upto Total Sum Insured of

   1.  1) 5%

   2.  2) 10%

   3.  3) 15%

   4.  4) 20%

Que. 2 : Q2) In case of CECR Insurance, insurance of civil engineering completed risks should always be effected on the basis of renewable policies, the period not exceeding ___________.

   1.  a) One year

   2.  

   3.  c) Three years

   4.  d) Four years

Que. 3 : Q3) Which of the following will not be covered in a CPM policy?

   1.  a) Theft items

   2.  b) Losses discovered at the time of taking inventory

   3.  c) Salvage materials

   4.  d) Materials damaged in an accident

Que. 4 : Q4) The CAR Policy is composed of which of the following?

   1.  a) The Third Liability section, covering material damage and personal injury to third parties

   2.  b) The schedule, listing all policy data relevant to the two sections

   3.  c) The General conditions and Exclusions found in almost all property insurance policies

   4.  d) All of the above

Que. 5 : Q5) Extended Maintenance cover in project policies will be effective from

   1.  a) Only after Erection is over

   2.  b) Concurrent with the erection cover

   3.  c) Only after Erection & Testing are over

   4.  d) All are correct