IC72 MOTOR INSURANCE EXAM - 03
| Q1.Mr. Ashish, who has purchased a motor insurance policy 3 years back, has not made any claim throughout these 3 years. What percentage of no claim bonus can Mr. Ashish claim on OD premium if no claim is made or pending during the preceding 3 consecutive years of insurance? |
| 0.25 |
| 0.3 |
| 0.35 |
| 0.4 |
| 0.5 |
| Q2.Loitering animals' that lead to accidents on road will be classified which of the below causes of accidents? |
| Environmental cause |
| Physical cause |
| Human cause |
| Wildlife cause |
| None of the above |
| Q3.If a person forgets to renew his motor insurance policy, can he do it online? |
| Yes, he can do it without any formalities |
| Yes, he can do it only if the insurance company agrees |
| Yes, he can do it but only after the inspection of the vehicle and satisfactory submission of documents to the insurance company by the surveyor |
| This policy differs from company to company |
| No, online renewal cannot be done once the policy has expired |
| Q4.With respect to 'Written Statement', identify the correct statement(s) - 1. Filing of the 'Written statement' has to be done within a period of 30 days from the date of service of summons 2. The 'Written statement' is to be filed before the first hearing 3. The 'Written statement' should have a specific pleading, either accepting or denying the liability |
| Only 3 |
| Only 1 and 2 |
| Only 2 and 3 |
| Only 1 and 3 |
| All 1, 2 and 3 |
| Q 5. Which of these statements is/are true with respect to 'Claim Search System’? 1. Used by insurers in deciding whether to sell a policy and set rate 2. Used to detect fraud 3. Help insurers identify policyholders claims histories |
| Only 1 |
| Only 2 |
| Only 1 and 2 |
| Only 2 and 3 |
| All 1,2 and 3 |
| Q6.An example of a pecuniary loss is ____. |
| Damages for mental and physical shock |
| Loss of marriage prospects |
| Loss of conjugal happiness |
| Discontinuance of any business |
| Loss due to mental stress |
| Q7.A vehicle has been classified as class 'A-1’ as per the categorization of vehicles into classes. Which of the below vehicle is this class 'A-1' vehicle? |
| Private Carriers |
| Public Carriers |
| Trailers |
| MISC & SP Type |
| Public passenger service vehicles for hire or reward |
| Q8.The time limit for filing a claim by the insured before the claim has been abandoned and not recoverable is ____. |
| Within 60 days of rejection |
| Within 90 days of rejection |
| Within 180 days of rejection |
| Within 200 days of rejection |
| Within 12 months of rejection |
| Q9.The existence of the Tariffs in __ has muted competition to some extent. |
| Fire |
| Motor Engineering |
| Workmen's Compensation |
| All of the above |
| None of the above |
| Q10.Once the vehicle is stolen, the UNTRACEABLE CERTIFICATE is issued by the authorities if the vehicle is not traced after a period of ___. |
| 30 days |
| 60 days |
| 90 days |
| 120 days |
| 180 days |