IC78 MISCELLANEOUS INSURANCE EXAM - 14
| Q1.Which of the following is covered under Identity theft cover? |
| Identity theft cover |
| Intellectual Property Insurance |
| Money policy to individuals for withdrawals from ATMs |
| E-Commerce insurance/Web business insurance |
| Kidnap and ransom insurance |
| Q2.The word ‘Cattle’ for the purpose of insurance refers to which of the following animals - 1. Bullocks 2. Milch Cows 3. Stud bulls |
| Only 1 |
| Only 2 |
| All 1, 2 and 3 |
| 1 and 3 |
| 1 and 2 |
| Q3.Which of these statements is/are true with respect to Event Insurance? 1. The sum insured for the basic cover is the amount of non-recoverable expenses incurred by the insured 2. In case there is more than one location, the per-location limit need not be specified 3. The liability coverage is pre-decided |
| 1 and 2 |
| 1 and 3 |
| Only 1 |
| Only 2 |
| All 1, 2 and 3 |
| Q4.Choose the FALSE statement - |
| Court bonds are automatically renewable |
| Court bonds attract lower stamp duty as compared to commercial fidelity contracts |
| Court bonds are specialty contracts executed under seal |
| Court bonds attract higher stamp duty as compared to commercial fidelity contracts |
| The rate percent is based on the value of the estate to be administered, the duration of the administration, and the complexities involved |
| Q 5. In the Missing Documents Indemnity, the insurers, while granting such an indemnity, almost always obtain a ___ in order to safeguard their interests. |
| bank guarantee |
| confirmation letter |
| counter indemnity |
| assurance guarantee |
| confirmation indemnity |
| Q6.The cover provided for 'Building & contents - Fire and allied perils' in a Package policy for Credit Societies is under which section? |
| Section 1 |
| Section 2 |
| Section 3 |
| Section 4 |
| Section 5 |
| Q7.Which of the following is excluded under the “All Risk” policy? |
| Loss due to theft |
| Loss due to fire |
| Loss due to burglary |
| Damage caused by any process of cleaning, dyeing, or bleaching |
| Any other accidental or fortuitous circumstances |
| Q8.A Group P.A. policy excluding the death benefit can be issued - subject to which of the following conditions? 1. A group life policy covering death benefit for the same group of persons is in existence 2. Group P.A. policy covers a group of 100 persons and above 3. A discount based on the premium applicable to death cover is allowed from the total premium |
| All 1, 2 and 3 |
| 1 and 3 |
| 2 and 3 |
| Only 2 |
| Only 1 |
| Q9.In the case of layer farms having more than 5,000 birds, an inspection of the farm is done by ___. |
| The Insurer |
| The Insured |
| The Company’s own vet officer |
| The Underwriter |
| The Surveyor |
| Q10.What does the 'Identity Theft' cover provide for? 1. Losses due to theft of his identity and fraudulent usage thereof 2. Any loss which is compensated by any other source 3. Expenses for physical injury, sickness, disease, etc. |
| Section 4 |
| Section 8 |
| Section 7 |
| Section 6 |
| No such insurance is provided |