IC78 MISCELLANEOUS INSURANCE EXAM - 03

Que. 1 : Q1) In Standard Mediclaim Policy addition of a family member during the currency of the policy is allowed in respect of
(i)  Spouse – if the insured got married
(ii)  Newborn baby – between 3 to 6 months

   1.  a) Statement (i) is correct

   2.  b) Statement (ii) is correct

   3.  c) Statement (i) & (ii) are correct

   4.  d) None of the above is correct

Que. 2 : Q2) “Claims Series Clause” shall mean:

   1.  a) One claim from one injured person

   2.  b) Several claim from more than one person

   3.  c) Several claims in one incident or added together for Anyone Accident

   4.  d) All of the above

Que. 3 : Q3) A death claim is lodged under the Employees’ Compensation policy. At the time of claim process it is observed that actual wages paid by the insured on the date of loss had exceeded the Sum Insured under the policy. If so the status of the claim will be

   1.  a) The claim is not payable

   2.  b) Claim is payable after charging extra premium from the Insured

   3.  c) Claim is payable as non standard basis

   4.  d) Claim is payable after imposition of penalty

Que. 4 : Q4) Subject matter of Misc. Insurance policy is

   1.  a) Property

   2.  b) Liability

   3.  c) Humans

   4.  d) All of the above

Que. 5 : Q5) Liability policies are called long tailed policies because

   1.  a) Actual liability may arise a long period after expiry of the policy for claims arising during the policy period

   2.  b) Provisions for claims have to be maintained on the insurers books for a long period

   3.  c) Both of the above

   4.  d) None of the above