Q 1. In what circumstances may insurers allow assignment of the "death benefit"?
Q 2. What is the duty of the insured in cargo insurance policies regarding loss or damage?
Q 3. What determines the damages awarded under the Workmen's Compensation Act?
Q 4. How long does the insurer have the right to exercise the "right of entry" under the insurance policy?
Q 5. How are tanks grouped in a tank farm according to their hazards?
Q 6. What does the Insurance (Amendment) Act, 2002, define as an "Insurance Co-operative Society"?
Q 7. What constitutes the offense of falsification of accounts under Section 477.A of the Indian Penal Code?
Q 8. Which action constitutes "housebreaking" when it involves entering or leaving by force?
Q 9. Under what circumstance would the Controller not issue a direction for the payment of a lesser sum?
Q 10. According to the clause in the Standard Fire policy, how is the liability determined when both marine and fire policies cover the same affected item?
Q 11. What attitude should surveyors adopt when dealing with average cases for assessment?
Q 12. How can insurers address misconceptions about insurance policies?
Q 13. How does including details of the insured's background benefit the insurer during policy renewal?
Q 14. What does the "Temporary Removal" cover provide?
Q 15. Which of the following is an example of insurable property typically covered under fire insurance for commercial establishments?
Q 16. Which of the following is an exclusion under the policy?
Q 17. What supplementary cover is provided under Collision Liability?
Q 18. In what scenario might moral hazard arise from difficult insured individuals?
Q 19. Who has insurable interest in a property when a mortgage is involved?
Q 20. What action is the insured required to take in fidelity guarantee insurance if the insurer makes a payment for an insured act?
Q 21. According to Section 29(3) of the Marine Insurance Act, 1963, what is conclusive of the insurable value of the subject intended to be insured?
Q 22. What action should the insured take in the event of loss or damage covered by the insurance policy?
Q 23. What does the operative clause of the fire policy provide?
Q 24. Why should loading racks for dispatch of products be located in separate blocks in a petrochemical facility?
Q 25. Which right ensures the consumer's access to a variety of products and services at competitive prices?
Q 26. What intent is sufficient to establish the offense of falsification of accounts under Section 477.A of the Indian Penal Code?
Q 27. What significant change was introduced by the Insurance Regulatory and Development Authority (IRDA) in 2000?
Q 28. What is the first step a surveyor must take before assessing the extent of liability in a claim?
Q 29. How can counting be simplified when assessing the quantitative details of a large quantity of items?
Q 30. What practical complications arise in applying percentage depreciation?
Q 31. What purpose does the survey report serve for individuals distant from the survey scene?
Q 32. What details should the insurer provide to the policyholder if the grievance is not resolved in their favor?
Q 33. What does the "Pro-rata" basis method of insuring wages involve?
Q 34. What does Depositors Forgery Coverage in Crime Insurance protect against?
Q 35. What are the risks covered during inward transit under Section I of the Package Policy for Exporters?
Q 36. What action is taken before granting inland transit cover on goods imported from abroad?
Q 37. What duty does an agent have when placing insurances on behalf of the proposer?
Q 38. In insurance contracts, what is the consequence of breaching a warranty?
Q 39. What provision of the Marine Insurance Act, 1963, deals with the right of subrogation?
Q 40. What are implied conditions in insurance contracts?
Q 41. How are consequential losses defined in insurance terms?
Q 42. Why is it essential to maintain positive air pressure in Control Rooms?
Q 43. What is the finality of the Ombudsman's decision?
Q 44. How does the Indian Penal Code define "criminal breach of trust"?
Q 45. What development occurred in 1941 in the field of loss adjustment?
Q 46. What type of insurance was introduced by fire insurance companies at the beginning of the twentieth century?
Q 47. What should a surveyor do if the presented invoices for merchandise date prior to the current season?
Q 48. What is the insured's desire regarding the conclusion of the assessment?
Q 49. Why is it important for the details of loss assessment to be presented in an understandable manner?
Q 50. In which type of policy is the "Duty of Assured clause" typically found?
Q 51. What is the role of the Grievance Redressal Officer (GRO) at the corporate office of an insurer?
Q 52. Which of the following is NOT covered under the Standard Fire and Special Perils policy?
Q 53. Which type of Rural Insurance policy covers horticulture crops like grapes and plantation crops like rubber against specified perils such as fire, storm, flood, and riot?
Q 54. Which type of policy covers damage sustained by a vessel during the period of charter?
Q 55. Which of the following is an example of physical hazard in Fire Insurance?
Q 56. According to the judge in Rozanes vBowen (1928), why is it the duty of the assured to make a full disclosure to the underwriter?
Q 57. What is the purpose of the contractual duty of utmost good faith?
Q 58. Under the Motor Tariff, what type of policies are allowed for vintage cars?
Q 59. What distinguishes "specified perils" insurance policies from "all risks" policies?
Q 60. How are losses, sacrifices, and contributions distributed according to the general average adjustment?
Q 61. Which of the following is NOT listed as a negative constructional feature in tea factories?
Q 62. According to Regulation 9, how long should a surveyor take to furnish his report after appointment?
Q 63. What rule states that where a group of particular things has been specified followed by more general terms, the latter must be construed as being of the same kind as the specifically mentioned ones?
Q 64. According to the Code of Conduct, what activity should a surveyor and loss assessor avoid to prevent conflicts of interest?
Q 65. What is one of the "salient features" of the regulations mentioned?
Q 66. What is the primary reason for including clauses in insurance policies regarding immediate protective measures?
Q 67. What is one of the purposes of the detailed estimate in a motor survey report?
Q 68. What is the purpose of preparing the Balance Sheet?
Q 69. What is the main difference between a revenue policy and a turnover policy?
Q 70. What type of losses does Fidelity Guarantee Insurance cover?
Q 71. When are claims for Duty or Increased Value payable?
Q 72. What does the Customs Duty Clause indemnify the insured for?
Q 73. What does the insurance company rely on to predict the amount of losses that will occur?
Q 74. In what scenario would vehicles typically be subject to a Lease Agreement or Hypothecation (Pledged) Agreement?
Q 75. How are personal accident policies typically structured to address the challenges of indemnity?
Q 76. What is the purpose of the preamble or recital clause in an insurance policy?
Q 77. In case the vehicle is disabled by loss or damage covered by the policy, what is the maximum amount for protection, removal to the nearest repairer, and redelivery to the insured, as mentioned in the policy?
Q 78. What rate of premium is charged for utilities located outside the compound of manufacturing premises?
Q 79. What can a Consumer Forum order if it finds negligence on the part of the opposite party?
Q 80. What constitutes dacoity under Section 391 of the Indian Penal Code?
Q 81. What is the final step in the claim assessment process before submission to the insurer?
Q 82. What was the claims procedure like in the early decades of fire insurance?
Q 83. What is a common method used for disposing of damaged articles or materials?
Q 84. How does the deductible clause affect the insurer's liability in case of a loss?
Q 85. What should a surveyor rely on primarily when presenting details of the occurrence?
Q 86. What is one of the real difficulties faced by surveyors in analyzing sets of records?
Q 87. How is the insurance under the Lay-Off / Retrenchment Compensation cover limited?
Q 88. What is excluded from coverage under transit insurance?
Q 89. How are consignments declared under an open policy handled?
Q 90. What happens if the company pays a claim to the bank when there is no liability to the mortgagor or owner?
Q 91. What is an example of a risk related to production as outlined?
Q 92. When must assignment be made?
Q 93. What is the insurer entitled to under the principle of contribution?
Q 94. What role does the doctrine of proximate cause play in maintaining balance between insureds and insurers?
Q 95. What action is required to prevent a constructive total loss according to Section 60(1)(b)?
Q 96. What is the risk associated with well holes in floors?
Q 97. According to Regulation 7, what provision must be made for cancellation of the policy?
Q 98. Which action does NOT constitute "housebreaking" under Section 445 of the Indian Penal Code?
Q 99. What is the purpose of obtaining a copy of the current insurance policy with all relevant endorsements?
Q 100. What is the maximum fee for making an application to act as a Surveyor or Loss Assessor under Sec64 UM?
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