IC72 Mock Test Sample 2
IC72 Motor Insurance focuses on legal procedures, underwriting, claims handling, and regulatory compliance. It covers MACT processes, evidential rules, and insurer responsibilities like document discovery and fraud prevention. Insurable interest is defined in various contexts such as hypothecation and partnerships. Surveyor appointment timelines and documentation play a key role in claim assessment. Laws like the Motor Vehicles Act govern compensation, licensing, and permits. Technology such as autonomous driving and safety systems improves risk management. Customer service principles like reliability and assurance are essential. Data analytics tools help insurers identify target customers, while grievance redressal ensures efficient and consumer-friendly complaint handling.
1. When can an application be filed for compelling discovery of documents?
a) When insurer admits liability
b) Delay in written statement
c) Documents with other party
d) Claimant absent
2. Benefit of autonomous vehicles?
a) Reduce public transport
b) Increase private cars
c) Eliminate drunk driving risk
d) Reduce virtual reality
3. Evidential value of investigation report?
a) Always strong evidence
b) No value
c) Needs corroboration
d) No verification needed
4. Insurable interest in hypothecation?
a) Owner
b) Financier
c) Buyer
d) Seller
5. Auto high-beam adjustment tech?
a) Rear radar
b) Night vision
c) Auto high-beam control
d) GPS
6. Form for tourist vehicle permit?
a) Form 45
b) Form 46
c) Form 48
d) Form PSA
7. Surveyor appointment time?
a) 24 hours
b) 36 hours
c) 48 hours
d) 72 hours
8. Fraud prevention includes?
a) Witness statements
b) Photos
c) Identification
d) All of above
9. Insurable interest of partners?
a) Equal always
b) As per partnership law
c) Highest stake only
d) Contract Act
10. Documents for surveyor?
a) Claim form
b) Policy copy
c) Repair estimate
d) All of these
11. Hit and run compensation (death)?
a) 10000
b) 25000
c) 50000
d) 100000
12. Learner licence validity?
a) 3 months issue
b) 3 months application
c) 6 months issue
d) 1 year
13. Customer service element?
a) Reliability
b) Reasonableness
c) Empathy
d) Assurance
14. MACT compensation section?
a) Sec 160
b) Sec 163
c) Sec 168
d) Sec 169
15. Grievance mechanism features?
a) Cost effective
b) Efficient
c) Consumer friendly
d) All of these
16. Temporary permit condition?
a) Seating capacity
b) Vehicle colour
c) Office with phone
d) All conditions
17. Tool for target marketing?
a) Process management
b) Predictive analysis
c) Data governance
d) Enterprise intelligence
18. Buyer insurable interest?
a) Possession
b) Registration
c) Sale completion
d) Possession & sale
19. Learner driving rule?
a) Alone allowed
b) Needs instructor
c) RTO permission
d) Passengers licensed
20. Licence renewal above 50?
a) Lifetime
b) 1 year
c) 3 years
d) 5 years
