IC66 MARINE INSURANCE CLAIMS -14
| Q1.Expiry of __ after completion of discharge from the ocean vessel at the conclusion of the sea-leg of the transit. |
| a) 7 days |
| b) 15 days |
| c) 30 days |
| d) 60 days |
| Q2.If the Marine Casualty Form is not issued due to non-recording of a statement from the survivor(s) : |
| a) The Mercantile Marine Department may be requested to issue a Certified |
| b) An Investigator may be appointed |
| c) A certified copy of the Meteorological Department's Report can be obtained |
| d) All of the above |
| Q3.In case any accident occurs, the cause is known as |
| a) Risk |
| b) Peril |
| c) Damage |
| d) None of the above |
| Q4.Who deals with maritime law, and this could involve collisions at sea, maritime torts, industrial torts, transactional law, and environmental law? |
| a) Tracer |
| b) Average Adjustors |
| c) Maritime lawyer |
| d) Salvors |
| Q5.Who advises the assured on documentation to be completed and procedures to be complied with and also coordinates with the insurer to ensure speedy and just settlement of a claim? |
| a) Loss assessors / Surveyors |
| b) Salvors |
| c) Tracers |
| d) Insurance brokers |
| Q 6. The proposer has a legal duty to disclose all material facts relating to the proposed insurance. If this duty is breached through non-disclosure or misrepresentation of material facts : |
| a) An insurer is entitled to charge an additional premium |
| b) An insurer is entitled to avoid liability under the policy |
| c) Both of the above |
| d) None of the above |
| Q7.Which section says that continuing with the insurable interest aspect, contracts of marine insurance also allows assured to acquire contingent insurable interest over the cargo at the time of loss? |
| a) Section 8 of the Act |
| b) Section 9 of the Act |
| c) Section 10 of the Act |
| d) Section 11 of the Act |
| Q8.The term freight means |
| a) the profit derived by a shipowner from the employment of the ship |
| b) freight earned at the port of origin. |
| c) freight earned at the port of destination. |
| d) all the above. |
| Q9.For Inland Transit, the Duration Clause limits the coverage to |
| a) 7 days of the arrival of consignment at destination town |
| b) 7 days of the arrival of the consignment to the warehouse of consignee |
| c) 60 days of the arrival of consignment at destination town |
| d) 60 days of the arrival of the consignment to the warehouse of the consignee |
| Q10._____ of the Marine Insurance Act, 1967 states that an insurer under a contract of marine insurance has an insurable interest in his risk and may reinsure in respect of it. |
| a) Section 7 |
| b) Section 8 |
| c) Section 9 |
| d) Section 10 |
