IC77 ENGINEERING INSURANCE EXAM - 18
| Q1.Under CPM policy if the insured has opted for floater cover then which loss under the same is not payable. |
| a) Unforeseen damage |
| b) Sudden physical loss |
| c) Accident cover whilst transit from one location to another location |
| d) Collision damage |
| Q2.Which of the following is not covered under Boiler and Pressure Plant policy? |
| a) Damage to third party property |
| b) Damage to surrounding property of insured |
| c) Damage to the boiler. |
| d) Damage by fire |
| Q 3.In India, which of the following is not obligatory under an engineering insurance contract? |
| a) Indemnification in case of accident or damage |
| b) Inspection service |
| c) Assessment of risk from an underwriting perspective |
| d) Recommendation of loss minimizing measures |
| Q4.In addition to EEI policy, if the same electronics equipment is covered under Fire Policy, the maximum discount allowed is: |
| a) 7.5% |
| b) 10% |
| c) 5% |
| d) 2.5% |
| Q5.In a Construction project, who is responsible to their respective contractor for the quality of materials only? |
| a) Suppliers |
| b) The Employer |
| c) The Contractor |
| d) Sub-Contractors |
| Q6.What can be issued only by an authorized representative of a company and operate only for a limited period pending replacement by a proper policy? |
| a) Endorsements |
| b) Cover notes |
| c) Policy form |
| d) Proposal form |
| Q7.The First Contractor's All Risks policy is said to have been issued in _____ to cover the construction of Lambeth Bridge across river Thames in London. |
| a) 1929 |
| b) 1939 |
| c) 1949 |
| d) 1959 |
| Q8.Cover notes can be issued only by the authorized representative of the company. Say whether True or False. |
| a) True |
| b) False |
| Q9.Which of the following is true in respect of MLOP insurance: |
| a) The concerned machinery must be covered under MBD policy or Boiler Explosion Policy. |
| b) The concerned machinery must be critical to the business of the client. |
| c) The claim under MLOP is admissible only if the same is admissible in MBD or Boiler Explosion Policy. |
| d) All are true. |
| Q10.The purpose of which of the following is to cover the repairs or replacements of equipment which is defective or damaged? |
| a) Preventive maintenance |
| b) Corrective maintenance |
| c) Predictive maintenance |
| d) None of the above |