Q 1. What is the brand name adopted by the General Insurance Corporation of India to align itself with major reinsurers worldwide?
Q 2. How did the Elizabethan Act of 1601 describe the distribution of losses in the event of a ship's loss?
Q 3. What is the significance of the warranty of legality under the Marine Insurance Act?
Q 4. What role did the Tariff Advisory Committee (TAC) play under the provisions of the Insurance Act, 1938, prior to the detariffing era in 1994?
Q 5. What is the implied warranty of seaworthiness in a voyage policy in marine insurance?
Q 6. When does subrogation apply in marine insurance?
Q 7. What do ships need to submit to the authorities in order to gain entry into Indian ports, according to the paragraph?
Q 8. In the context of marine insurance, why is "liner" service considered a better risk than general trade for carriage by other vessels?
Q 9. Which method is mentioned in the passage for moving pallets in dock areas and within a ship's hold?
Q 10. What is the primary form of inland movement in India, as mentioned in the paragraph?
Q 11. Why does an insurer set aside an appropriate proportion of each premium as a reserve for "Catastrophe Funds"?
Q 12. What details are incorporated into the policy document when a marine cargo insurance proposal results in a policy?
Q 13. What is the purpose of a Change of Voyage Clause in marine insurance policies?
Q 14. What triggers the automatic termination of insurance according to the Termination of Contract of Carriage Clause?
Q 15. Under the Air Cargo War Clauses, when does coverage attach?
Q 16. When is the Second Hand Replacement Clause applied in cargo insurance?
Q 17. Question: When is the "Cargo ISM Endorsement" required for cargo ships?
Q 18. Which type of package policy provides coverage from the time of plucking and continues during transit up to the Curing House(s) with 60 days' storage cover?
Q 19. What is the purpose of the Standard Clauses drafted by the Institute of London Underwriters (IUA) in collaboration with Trade Associations?
Q 20. What is the rate of premium for insurance of "Duty"?
Q 21. What does the Sales Turnover Insurance policy cover?
Q 22. Which type of vessel is best suited for carrying cargo like iron ore?
Q 23. Under the International Hull Clauses (IHC) 1/11/2003, is there a reduction in coverage when the vessel is underinsured for sue and labor charges and general average?
Q 24. What does DWT (Deadweight Tonnage) represent in the context of marine hull insurance?
Q 25. What is the purpose of the "Premium Instalment Clause" for fishing vessels with H&M Sums Insured exceeding Rs. 20 lakhs?
Sign-up with Google