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IC72 - Motor Insurance Exam

 Mock Test 01

IC72 - Motor Insurance Exam

Mock Test 01

IC72 - Motor Insurance Exam

 Mock Test 01
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    Q 1. Which form is used to apply for application for grant of tourist vehicle?
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    Q 2. Whenever, a surveyor has to be appointed for assessing a loss / claim, it shall be so done within _____ of the receipt of intimation from the insured.
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    Q 3. Fraud management is essential to ensure only genuine claims are settled. Some of the measures that can be adopted are documentary proofs of accident details which include _____ .
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    Q 4. In respect to insurable interest of partners in a motor vehicle, which of the following statement is TRUE ?
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    Q 5. Which of these documents are provided to independent Automobile Surveyors to assess the cause and extent of the loss? 1. Claim form 2. Copy of policy 3. Repairers estimate
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    Q 6.

    The characteristics of a grievance redressal mechanism is /are - 1. It should be cost effective 2. It should be efficient 3. It should be consumer friendly

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    Q 7. As per Section 161, in respect of death of any person resulting from a hit and run motor accident, the compensation is fixed at _____ .
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    Q 8. As per Section 14 that deals with the currency of driving licences, a Learners Licence is effective for ______ .
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    Q 9. Under the basic elements of customer service, ________ of the insurance company is shown if the insurance policy meets the customer's needs which are acceptable to him; financial strength of the company in the long term; interconnectivity of the operating branches etc.
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    Q 10. As regards the scope and purport of _____ of the Motor Vehicle Act, 1988, the Claims Tribunal is entitled to determine the amount of claim from the insurer, owner or driver of the vehicle jointly or severally.
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    Q 11. Monty wants to apply for a temporary permit to take his cab outside his State. Identify the conditions which are applicable to obtain the permit? 1. The cab should have a seating capacity of five 2. The cab should be of white colour 3. He should have an office having a telephone at suitable tourist booking place 4. He should be running the business for atleast last 3 years
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    Q 12. Mega Light Insurance Company wants to do some research and wishes to know where to find the right customers and how to identify good customers for target marketing. Which tool should it use?
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    Q 13. The buyer acquires an insurable interest on _______, as per the laws of motor insurance. 1. On possession of the vehicle 2. On registering the vehicle in his name 3. On completion of the contract of sale
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    Q 14. With respect to driving a four wheeler under a learner?s license, which of the below options is correct as per the position of law under MV Act 1988?
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    Q 15. In case of private cars, driving licence of persons above the age of 50 years would be _____ .
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    Q 16. ______ is the discovery and communication of meaningful patterns in data, especially valuable in areas rich with recorded information.
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    Q 17. The insurance company is under a duty to inform the Registering Authority that the policy has not followed the cover note, within _____ days of expiry of the cover note as required under Section 147(4).
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    Q 18.

    A blood alcohol content of ______ or higher is considered a per se case of driving while intoxicated.

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    Q 19.

    Why are of the right of subrogation important to the insurers?

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    Q 20. The characteristics of a grievance redressal mechanism are/are 1. It should be cost-effective 2. It should be efficient 3. It should be consumer-friendly
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    Q 21. Why are HYDRO TESTS conducted on tankers?
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    Q 22. All proposal forms elicit full particulars of settled and outstanding claims in connection with any motor vehicle owned or driven by the proposer during the last preceding _____ years.
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    Q 23. ______ is used for making application for grant of tourist vehicle.
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    Q 24. In case of motor insurance, which of the below data is appropriate for underwriting purposes?
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    Q 25. Insurers are required to capture all relevant data related to motor insurance and forward to the TAC on _______ .
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