IC78 MISCELLANEOUS INSURANCE EXAM - 02
| Q1.Under poultry Insurance - Exotic bird means |
| Whose parents are of Indian breed |
| whose parents are of foreign breed |
| one parent is of Indian and other is of foreign breed |
| none of the above |
| Q2.Under Plate Glass insurance, ___ is considered a greater hazard. 1. Slum area 2. Disturbed localities where children play in streets or hooliganism is present 3. Vacant premises |
| Only 1 |
| Only 3 |
| 2 and 3 |
| 1 and 2 |
| All 1, 2 and 3 |
| Q3.Which policy protects the entire family and their home from any kind of danger that may befall it. |
| ADHIKARI SURAKSHA KAVACH |
| Householder’s insurance policy |
| Householder’s Floater policy |
| Doctors’ package insurance |
| Complete family protection plans |
| Q4.Choose the correct option with regards to the “Pair and Set” clause in relation to burglary (private dwellings) insurance policies. |
| The policy pays exactly half of the value of the set in case any loss occurs |
| The policy pays for the complete set not just the value of any particular part lost. |
| The policy does not pay more than the value of any particular part lost. |
| The policy pays a pre-determined amount in the event of any loss |
| The policy pays three fourth of the value of the set in case any loss occurs |
| Q5.In the Employment and Study policy, the minimum age for eligibility is __. |
| 12 years |
| 15 years |
| 18 years |
| 21 years |
| 22 years |
| Q6.Tertiary care insurance coverage can be issued for a period of __. 1. 5 years 2. 1 year 3. 10 years |
| Only 1 |
| Only 2 |
| 1 and 3 |
| 2 and 3 |
| All 1, 2 and 3 |
| Q7.Which of the following changes needs to be notified to the insurer in case of personal accident policies. |
| Changes in marital status |
| Changes in salary |
| Change in occupation |
| Change independents |
| All of the above |
| Q8.___ is an overseas agency with which insurers have entered into an MOU to provide emergency assistance and claims administration services. |
| Medical advisors |
| TPA |
| Third-party liability |
| Claim Settlement Agency |
| Physician |
| Q9.Identify which of these is/are Nonproportional types of reinsurance? 1. Pool basis 2. Excess of loss 3. Stop-loss basis |
| Only 1 |
| Only 2 |
| 1 and 2 |
| 2 and 3 |
| All 1, 2 and 3 |
| Q10.Pick the correct statement with respect to Treaty Reinsurance. |
| Companies cede a particular percentage of their premium to a pool formed by a Group of Companies or by the regulators, for better management of risk. |
| The ceding company is bound to cede and the reinsurers are bound to accept each and every cession which falls within the scope of the treaty |
| The risks are shared by the ceding company and its reinsurers in some predetermined proportion. |
| The ceding company reinsures with the treaty reinsurers surpluses over and above its retention in terms, and within the size of, the treaty. |
| Each risk is proposed separately and individually to the reinsurer and the reinsurer decides whether to accept the same or not |
