ICS06 - Motor Insurance (Surveyor) Mock Test 10
Motor insurance claim assessment requires knowledge of policy conditions, third-party liability, contribution, disability compensation, vehicle transfer documents and surveyor responsibilities. A valid driving licence is an important consideration in claim assessment, and insurers may take statutory defences where applicable. When the same risk is insured with multiple insurers, contribution may apply according to the relevant principles. Form 29 is associated with transfer of vehicle ownership. Public carriers transport goods belonging to others for hire or reward. Agricultural tractors and trailers may receive concessional rates. Surveyors assess significant claims, including cause of loss, damage extent, recommended assessment and salvage. Voluntary excess generally provides a premium discount.
1. If the driver does not have a valid licence:
a) Insurer can take 149(2) defence and may deny
b) Insurer always pays
c) Premium increased
d) No effect
2. If two insurers cover the same risk, the claim is shared:
a) Pro-rata in proportion to sum insured
b) Random
c) First insurer pays all
d) RTO decides
3. Permanent total disablement compensation is:
a) Equivalent to fatal claim usually plus disability factor
b) Random
c) Premium
d) Free
4. ‘Form 29’ is for:
a) Notice of transfer of ownership
b) Claim
c) Permit
d) Licence
5. Public Carrier (GCV-Public) is one which carries:
a) Goods of others for hire/reward
b) Owner's goods only
c) Only passengers
d) School children
6. Tractors and trailers used solely for agricultural purposes get:
a) Concessional rates
b) Same rates as commercial
c) Higher rates
d) No insurance
7. Surveyor must be appointed for claims exceeding:
a) Rs. 20,000 (mandatory under IRDAI rules for licensed surveyor)
b) Rs. 5,000
c) Rs. 10,000
d) Rs. 1,00,000
8. Voluntary excess is offered in return for:
a) Higher PA cover
b) Discount in premium
c) Higher IDV
d) Free add-ons
9. Depreciation on metal parts for vehicles 4–5 years old is:
a) 30%
b) 35%
c) 40%
d) 45%
10. ‘Surveyor's Report’ typically includes:
a) Cause of loss, extent of damage, recommended assessment, salvage
b) Premium calculation only
c) RTO data only
d) Driving licence only
