ICS06 - Motor Insurance (Surveyor) Mock Test 12

Motor third-party claim investigation requires proper documentation, including FIR, charge-sheet, medical records, post-mortem reports, panchnama and witness statements. Compensation calculations consider personal expense deductions based on family circumstances and applicable legal principles. Tribunal directions govern disbursement of fixed deposits to claimants. Motor insurance tariff classifications historically included different vehicle classes. Engine Protect is useful for specific risks such as water-ingress or hydrostatic lock. Surveyors must understand penalties for offences, third-party property damage liability, depreciation of CNG/LPG kits and disability assessment. Hypothecation endorsements are required when vehicles are financed by banks or financial institutions. Accurate documentation supports fair claim investigation and settlement.

1. Common documents for TP investigation include:

a) FIR, charge-sheet, post-mortem, MLC, panchnama, witness statements
b) Premium receipt
c) RC book
d) Permit only

2. Personal expense deduction for a married person with 2–3 dependents is:

a) 1/3
b) 1/2
c) 1/4
d) 1/5

3. Disbursement of fixed deposit is made to:

a) Claimants per Tribunal directions
b) Insurer
c) Surveyor
d) Court

4. Class A under erstwhile IMT generally referred to:

a) Private cars
b) Two-wheelers
c) Goods carriers
d) Passenger carriers

5. Engine Protect is particularly relevant in:

a) Flood-prone areas
b) Hill stations
c) Deserts
d) Coastal cities

6. Penalty for drunk driving for a first offence after 2019 is:

a) Rs. 200
b) Rs. 1,000
c) Rs. 10,000 or imprisonment up to 6 months
d) Rs. 50,000

7. Liability for damage to third-party property under Section 147 has a minimum limit of:

a) Rs. 1,000
b) Rs. 7,500
c) Rs. 50,000
d) Rs. 1,00,000

8. CNG/LPG kit depreciation is:

a) Same as vehicle's age-wise table
b) Nil
c) Always 50%
d) Free

9. Insurer's panel doctor's opinion in disability cases:

a) Helps assess disability percentage
b) Always denied
c) RTO
d) Free

10. Hypothecation endorsement is added when:

a) Vehicle is sold
b) Vehicle is financed by a bank/NBFC
c) Driver changes
d) Address changes