ICS07 - Miscellaneous Insurance (Surveyor) Mock Test 05
This set of questions covers important topics under ICS07 – Miscellaneous Insurance (Surveyor), including web business insurance, fraudulent claims, pet dog insurance, hut insurance, burglary risk classification, domestic travellers insurance, reinsurance, Janata agents, declaration policies, and animal-driven cart insurance. The questions examine policy coverage, exclusions, claim consequences, extensions, insured risks, risk classification, baggage protection, the purpose of reinsurance, liability limits, provisional premium retention, and safety conditions for unattended carts. These concepts help surveyor candidates understand the scope of miscellaneous insurance policies, underwriting practices, claim procedures, policy conditions, risk assessment, and the responsibilities of insured persons under different specialized insurance covers.
1. Web business insurance coverage is not likely to include:
A) Loss due to cyber attacks
B) Losses from server downtime as a result of non-payment of hosting charges
C) Legal liability arising out of online crimes including unauthorized access of customer information
D) Accidental loss of server data
E) All of the above are likely to be included
2. What is the consequence of submitting a fraudulent claim under this insurance policy?
A) The insured person's claim will be settled promptly
B) The insured person will be given an opportunity to correct the claim
C) The policyholder will be warned about the fraudulent claim
D) The insurance policy will be suspended temporarily
E) The policy will become null and void, and all claims will be forfeited
3. Which extension covers compensation for the loss of show entry fee when a dog registered with the Kennel Club is unable to attend a show due to an accident or disease covered by the policy?
A) Death by accident in transit
B) Loss of show value
C) Liability for third-party personal injury and damage
D) Breeding risk
E) Worldwide transport
4. In hut insurance, what are the risks covered under the policy?
A) Fire and lightning only
B) Explosion and storm only
C) Earthquake, subsidence and landslide only
D) Fire, lightning, explosion, riot, strike, and more
5. Which category of risk is classified as Class I for rating purposes?
A) Premises with no watchmen
B) Premises with common watchmen for the entire building
C) Premises with watchmen employed on a 24-hour basis
D) Premises with security cameras
E) Premises with limited business hours
6. What does the Domestic Travellers policy cover, in addition to personal accidents?
A) Loss or damage to personal property
B) Compensation for missed flights
C) Medical expenses incurred abroad
D) Loss or damage to accompanied baggage
E) Loss or damage to the insured's own vehicle
7. What is the primary function of reinsurance?
A) Underwriting primary risks
B) Writing direct insurance policies
C) Spreading risk to enable the insurance industry to function effectively
D) Eliminating the need for insurance policies
E) Investing in high-risk assets
8. What is the maximum limit of insurers' liability with respect to each Janata agent under the policy?
A) 5% of basic sum insured or Rs. 1,000
B) 10% of basic sum insured or Rs. 5,000
C) 5% of basic sum insured or Rs. 10,000
D) 5% of basic sum insured or Rs. 1,00,000
E) 10% of basic sum insured or Rs. 10,000
9. What is the purpose of the insurer retaining a certain minimum amount from the provisional premium paid in a declaration policy?
A) To discourage policyholders from making declarations
B) To cover administrative expenses
C) To ensure prompt payment of the actual premium
D) To increase the insurer's profits
E) To compensate for any potential losses
10. What condition of the policy should be met when the animal-driven cart is left unattended or not in use?
A) The cart should be parked indoors
B) The cart should be covered with a tarpaulin
C) The cart should be properly secured with a padlock
D) The cart should be inspected by an insurance agent
