IC77 ENGINEERING INSURANCE EXAM - 21
| Q1.The ____ individually prescribed for each class of construction phase insurance relates to information required for specific policies. |
| a) Proposal form |
| b) Endorsement |
| c) Consideration |
| d) None of these |
| Q2.Which of the following add-on cover is not allowed in EAR policy. |
| a) Cross Liability Cover |
| b) Additional Custom Duty |
| c) Extension in the testing period. |
| d) All of the above. |
| Q3.Calculation of MLOP rating does not depend on the following factors |
| a) Relative Importance |
| b) Spare capacity |
| c) Indemnity period |
| d) Location |
| Q4.In a comprehensive project insurance policy, 'the marine cargo insurance under' details are mentioned in which section? |
| a) General Section |
| b) Section 1A |
| c) Section 1B |
| d) Section 2 |
| Q5.In Erection, All Risk insurance liability of the insurers commence from |
| a) The time of loading the machinery at the port of loading |
| b) The time of unloading the machinery at the port of discharge |
| c) The time of unloading the 1st consignment at the site of erection |
| d) The time of machinery leaves the warehouse of the supplier |
| Q6.In a 'Hydrocarbon Endorsement For Testing and Commissioning' - Article 1, during any operation where hydrocarbons or hydrogen is involved, the deductible excess shall be 5% of claim amount subject to a minimum of _____. |
| a) Rs. 100000/- |
| b) Rs. 250000/- |
| c) Rs. 500000/- |
| d) Rs. 750000/- |
| Q7.In which section of the insurance policy is the policy number mentioned? |
| a) Heading |
| b) Preamble |
| c) Schedule |
| d) Conditions |
| Q8.What refers to a particular class of Consequential loss insurance and covers financial consequences of a delay in the estimated commercial operation date of a project, because of accidental damage to the project materials admissible under the Material Damage Section of an Ear or Car insurance policy? |
| a) Speculative risks |
| b) Advanced loss of profits |
| c) Trade risks |
| d) None o the above |
| Q9.Which of the following is an Advantage of Industrial All Risk Policy? |
| a) Discounts |
| b) Higher Deductible |
| c) Administrative Convenience |
| d) Separate Policies |
| Q10.Terrorism cover is inbuilt in case of the following Engg. policies? |
| a) MB |
| b) BPP |
| c) NONE OF THE POLICIES |
| d) DOS |