Q 1. The marine cargo insurance contracts are easily transferable. The marine cargo ins. policies are not transferable easily like other insurance covers.
Q 2. Which Lading is said to be issued when the shipping carrier signs off the BL stating that when the packages were loaded on to the vessel they were in sound condition?
Q 3. How much is the minimum per policy in case of sheep insurance?
Q 4. Which of the following is true regarding non-proportional agricultural reinsurance?
Q 5. In Comprehensive Floriculture Insurance, what is the premium rate for the farm having poly-house with aluminium grippers?
Q 6. What is the reason for major losses in transportation of cargo?
Q 7. Under Institute Cargo Clause until the subject-matter insured is sold and delivered at such port or place, or, unless otherwise specially agreed, until the expiry of ___________ after arrival of the subject-matter insured at such port of place, which
Q 8. When IRDA was set up as an autonomous statutory body to regulate and develop the Indian Insurance Industry?
Q 9. Which of the principal factors affect the rating of every cargo insurance
Q 10. Q Which represents the maximum liability of the insurer per conveyance for any claim arising out of one accident/incident or a series of accidents/ incidents arising out of the same event?
Q 11. Which of the following has associated risks of Fire, explosion and spontaneous combustion?
Q 12. Which vessel is best suited to carrying cargo like oil?
Q 13. Which section of Marine Insurance Act, 1906 deals with the material disclosure made by agent by assured to conclude a marine insurance contract for assured?
Q 14. Every person has an insurable interest who is interested in a marine adventure. Say whether True or False.
Q 15. Which exclusions states than in no case shall this insurance cover loss, damage or expense arising from war, civil war, revolution, rebellion, insurrection or civil strife arising therefor, or any hostile act by or against a belligerent power?
Q 16. ________ is a promise by the assured to the underwriter that something shall or shall not be done or that a certain state of affairs does or does not exist.
Q 17. Which cargo refers to cargo in huge quantities carried in 'Unpackaged form' in the holds/ tanks of the vessels?
Q 18. Which of the following is an example of Business Interruption policy ?
Q 19. PPI in marine cargo policy means
Q 20. Expand the term IRDA.
Q 21. Statement 1.- Insurance companies settle Marine Export claims through settling agents only Statement 2 Insurance companies settle Marine Export claims through survey agents and settling agents
Q 22. Which version of Airfreight Replacement Clause defines that if the subject matter insured is lost or damaged as a result of a peril insured against, and irrespective of whether the subject-matter insured was originally sent by air, the company agrees
Q 23. In ________, the system follows the principle of pre-underwriting - up to a limit and for preset parameters, the certificates can be generated by the insured himself.
Q 24. Which is a marine policy that combines the traditional transit exposures along with storage risk of stocks under a single document in a seamless manner?
Q 25. Which are very much in vogue today and this is a through Bill of Lading issued in respect of containerized Cargo where at least two modes of transport, land and ocean or involved?
