IC78 MISCELLANEOUS INSURANCE EXAM - 07
| Q1.A person who commits house-trespass if he affects his entrance into the house, or if, being in the house, for the purpose of committing an offense, or having committed an offense therein, he quits the house, such entrance or exit being made in the six ways as described in the penal code. This is an example of ____. |
| Dacoity |
| Robbery |
| Burglary |
| Theft |
| Housebreaking |
| Q2.In COMMERCIAL FIDELITY GUARANTEES, the premium under individual and collective policies is charged on - 1. The number of employees which have been guaranteed 2. The amount of guarantee 3. The type of occupation |
| Only 1 |
| Only 2 |
| 1 and 3 |
| 2 and 3 |
| All 1, 2 and 3 |
| Q3.The period of Customs Bonds may vary from __. |
| Circus animals cannot be insured |
| Sum insured is based on a valuation done by the zoo authorities |
| Sum insured is based on a valuation done by curator only |
| Sum insured is based on a valuation done by the veterinary doctor only |
| Sum insured is based on a valuation done by curator and health certificate by a veterinary doctor |
| Q4.Under Section I of the Money Insurance policy, the premium is charged at __. |
| Rate per amount on the sum insured selected |
| No premium is charged under Section I |
| Half of the regular premium is charged under Section I |
| A fixed-rate |
| Rate per mile on the estimated amount of transit |
| Q5.Which type of coverage can be granted under an Event Insurance policy? 1. Cancellation of the event due to accident or illness to the performers 2. Liabilities cover for spectators, participants, and performers 3. “Loss of profit” cover due to cancellation or postponement of the event |
| Only 1 |
| Only 2 |
| 1 and 3 |
| 2 and 3 |
| All 1,2 and 3 |
| Q6.Discuss - 'Insurable interest arises for a creditor in his debtor’s life' |
| No, there is no insurable interest for a creditor in his debtor's life |
| Yes, Insurable interest arises for a creditor in his debtor’s life to the extent of Rs. 100000 as fixed by the law |
| Yes, Insurable interest arises for a creditor in his debtor’s life to the extent of the debt due to the creditor |
| Yes, Insurable interest arises for a creditor in his debtor’s life to the extent of 75% of the debt due to the creditor |
| Yes, Insurable interest arises for a creditor in his debtor’s life only if mentioned in the policy terms |
| Q7.Lift irrigation insurance policy provides indemnity against unforeseen and sudden physical loss and/or damage by - 1. Bursting of pipelines 2. Fire 3. Theft |
| Only 1 |
| Only 3 |
| 1 and 2 |
| 1 and 3 |
| All 1, 2 and 3 |
| Q8.The maximum age limit for availing Overseas Health policy is __. |
| 50 years |
| 55 years |
| 60 years |
| 65 years |
| 70 years |
| Q9.Which of the following risks are not covered under Destination India policy? |
| Medical Emergency Service |
| Hijack risk |
| Cosmetic Surgery |
| Loss of passport |
| Emergency repatriation |
| Q10.A receiver may also be appointed to administer the estate - 1. Of a person who is pronounced mentally incapable 2. Of a person who is in prison 3. Of a minor who is placed under the Court of Wards till he attains majority |
| Only 1 |
| Only 2 |
| Both 1 and 2 |
| Both 1 and 3 |
| All 1, 2 and 3 |