IC78 MISCELLANEOUS INSURANCE EXAM - 02
Q1.Under poultry Insurance - Exotic bird means |
Whose parents are of Indian breed |
whose parents are of foreign breed |
one parent is of Indian and other is of foreign breed |
none of the above |
Q2.Under Plate Glass insurance, ___ is considered a greater hazard. 1. Slum area 2. Disturbed localities where children play in streets or hooliganism is present 3. Vacant premises |
Only 1 |
Only 3 |
2 and 3 |
1 and 2 |
All 1, 2 and 3 |
Q3.Which policy protects the entire family and their home from any kind of danger that may befall it. |
ADHIKARI SURAKSHA KAVACH |
Householder’s insurance policy |
Householder’s Floater policy |
Doctors’ package insurance |
Complete family protection plans |
Q4.Choose the correct option with regards to the “Pair and Set” clause in relation to burglary (private dwellings) insurance policies. |
The policy pays exactly half of the value of the set in case any loss occurs |
The policy pays for the complete set not just the value of any particular part lost. |
The policy does not pay more than the value of any particular part lost. |
The policy pays a pre-determined amount in the event of any loss |
The policy pays three fourth of the value of the set in case any loss occurs |
Q5.In the Employment and Study policy, the minimum age for eligibility is __. |
12 years |
15 years |
18 years |
21 years |
22 years |
Q6.Tertiary care insurance coverage can be issued for a period of __. 1. 5 years 2. 1 year 3. 10 years |
Only 1 |
Only 2 |
1 and 3 |
2 and 3 |
All 1, 2 and 3 |
Q7.Which of the following changes needs to be notified to the insurer in case of personal accident policies. |
Changes in marital status |
Changes in salary |
Change in occupation |
Change independents |
All of the above |
Q8.___ is an overseas agency with which insurers have entered into an MOU to provide emergency assistance and claims administration services. |
Medical advisors |
TPA |
Third-party liability |
Claim Settlement Agency |
Physician |
Q9.Identify which of these is/are Nonproportional types of reinsurance? 1. Pool basis 2. Excess of loss 3. Stop-loss basis |
Only 1 |
Only 2 |
1 and 2 |
2 and 3 |
All 1, 2 and 3 |
Q10.Pick the correct statement with respect to Treaty Reinsurance. |
Companies cede a particular percentage of their premium to a pool formed by a Group of Companies or by the regulators, for better management of risk. |
The ceding company is bound to cede and the reinsurers are bound to accept each and every cession which falls within the scope of the treaty |
The risks are shared by the ceding company and its reinsurers in some predetermined proportion. |
The ceding company reinsures with the treaty reinsurers surpluses over and above its retention in terms, and within the size of, the treaty. |
Each risk is proposed separately and individually to the reinsurer and the reinsurer decides whether to accept the same or not |