ICS06 - Motor Insurance (Surveyor) Mock Test 11
Motor insurance involves underwriting, claims assessment, legal principles and regulatory requirements. Vehicles in metropolitan areas may attract higher own-damage premiums because of greater traffic and claim frequency. Claim forms capture important details about the accident, vehicle and driver. Passenger-carrying vehicles are generally rated according to seating capacity. The legal principle res ipsa loquitur means the facts may indicate negligence. Functional disability considers the impact of an injury on earning or working ability. Insurers have regulatory obligations regarding renewal notices. Surveyors may issue interim reports when additional time is required before completing the final report. Awareness and enforcement gaps contribute to uninsured vehicles.
1. Vehicles in metropolitan areas (Zone A) generally:
a) Higher OD premium due to claim frequency
b) Lower premium
c) Same as rural
d) Free
2. Cash premium acceptance limit (broadly):
a) Subject to PMLA / Income Tax limits
b) Unlimited
c) Rs. 100 only
d) Free
3. ‘Claim Form’ contains:
a) Details of accident, vehicle, driver, etc.
b) Premium details only
c) Address only
d) Driving licence only
4. PCV is rated by:
a) Seating capacity
b) GVW only
c) Color
d) Make
5. ‘Res ipsa loquitur’ means:
a) The thing speaks for itself – presumption of negligence
b) Premium
c) Permit
d) Licence
6. Functional disability vs anatomical/medical disability means:
a) Functional impacts work / earning ability
b) Same always
c) Premium
d) RTO
7. Sending a renewal notice is a:
a) Statutory obligation under IRDAI
b) Goodwill gesture only
c) Optional
d) Forbidden
8. Section 163B (now omitted) related to:
a) Option to opt 163A or 166
b) Solatium Fund
c) Permit procedure
d) Insurance limits
9. Many vehicles in India are uninsured because of:
a) Lack of awareness, enforcement gaps
b) Insurance is unavailable
c) Premium is unaffordable always
d) Insurers refuse
10. Surveyor's interim report (preliminary) is required when:
a) Final report needs more time
b) Always
c) Never
d) Only for big claims
