IC11 PRACTICE OF GENERAL INSURANCE EXAM - 12
| Q1.When a Cover Note is issued, it is ____. |
| valid for 30 days |
| permanent |
| temporary |
| contractual |
| specific |
| Q2.What is not a peril but still covered under the Institute Cargo Clauses -ICC ( C ) clauses for sea voyage? |
| Grounding |
| Capsizing |
| Explosion |
| Sinking |
| Stranding |
| Q3.Where is the 'prohibition of rebates' mentioned? |
| Claim form |
| Endorsement |
| Renewal notice |
| Proposal form |
| Policy form |
| Q4.What does Commercial Pricing in a hard market refer to? |
| Increasing the premium above book rates |
| Decreasing the premium below book rates |
| Special premium rates |
| Below market deductibles |
| Free add on covers |
| Q5.The cover of stop-loss treaty based on __. |
| Underwriters assessment |
| Sum insured |
| Loss amount |
| Claims ratio |
| Size of loss |
| Q6.Underwriting returns are required by __. |
| Regional Office |
| General Office |
| General administrative & department |
| Post Office |
| Head Office |
| Q7.Workmen's compensation act provides insurance for which of the following liabilities? |
| Loss due to floods or fire |
| Liabilities in respect of railways as a carrier of goods |
| Payment by employers to their employees compensation for injury by accident in course of employment |
| Payment of compensation to employees for injury by accident in course of employment |
| Loss, mis-delivery, or damage of any postal article |
| Q8.Personal health insurance, home insurance, etc are examples of __. |
| Wholesale insurance |
| Retail insurance |
| Hull insurance |
| Corporate insurance |
| Property insurance |
| Q9.Whose position would be adversely affected by the undue delay in notification? |
| Surveyor's |
| Client's |
| Agent's |
| Insurer's |
| Underwriter's |
| Q10.What are the maximum reimbursement expenses for a damaged motorcycle's towing charges? |
| Rs 100 |
| Rs 300 |
| Rs 500 |
| Rs 750 |
| Rs 1000 |