ICS07 - Miscellaneous Insurance (Surveyor) Mock Test 11
This set of questions covers important topics under ICS07 – Miscellaneous Insurance (Surveyor), including overseas medical and funeral expense coverage, fidelity guarantee insurance, cattle insurance, floating policies, money insurance, IRDP insurance schemes, travel insurance proposal forms, horse insurance exclusions, Jan Arogya Bima Policy, and pool-based reinsurance. The questions examine limits for funeral expenses, employee dishonesty risks, the history of cattle insurance, coverage of goods across multiple locations, policy sections for unpaid wages, special schemes under rural development programs, medical information required in travel insurance proposals, exclusions applicable to horse insurance, health insurance for weaker sections, and reinsurance arrangements involving pools of insurers or regulators.
1. What is the maximum limit for funeral expenses incurred in the country of posting in the event of the death of an insured person under Sub-section C?
A) US $ 5,000
B) US $ 6,000
C) US $ 7,000
D) US $ 8,000
E) US $ 10,000
2. What type of risk is covered by a Fidelity Guarantee Policy?
A) Risks related to natural disasters
B) Risks related to employee accidents
C) Risks related to business interruptions
D) Risks related to employee dishonesty
E) Risks related to property damage
3. Prior to nationalization of general insurance in 1973, cattle insurance was transacted by:
A) A large number of private companies
B) The G.I.C. only
C) Nationalized banks
D) Government agencies only
4. Which type of policy covers goods in more than one location under one sum insured?
A) Non-declaration policy
B) First Loss Policy
C) Floating Policy
D) Valued Policy
E) Comprehensive Policy
5. Under which section of the policy is unpaid wages or salaries retained at the insured's premises covered?
A) Section A
B) Section B
C) Section C
D) Section D
E) Section E
6. Which of the following was NOT part of the special insurance schemes introduced for the IRDP Programme?
A) Milch Cattle
B) Poultry
C) Cross-bred female calves, heifers, and bullocks for agricultural purposes
D) Luxury vehicles
7. What medical information is required in Part II B of the proposal form?
A) Age, passport number, and travel dates
B) Countries to be visited and purpose of trip
C) Details of the usual physician and medical history
D) Accompanied documents for adverse conditions
E) None of the above
8. Under which circumstance is the death of a horse excluded from coverage?
A) Fracture of a bone necessitating immediate slaughter
B) Slaughter with the consent of the insurers
C) Illness contracted within the specified geographical area
D) Destruction in compliance with the requirement of any statute
E) Illness contracted outside of India
9. What is the purpose of the "Jan Arogya Bima Policy"?
A) To offer coverage to young individuals
B) To provide comprehensive health insurance
C) To cover weaker sections of society
D) To offer specialized medical services
E) None of the above
10. Which type of reinsurance involves ceding a particular percentage of premium to a pool formed by a group of companies or regulators?
A) Quota Share Treaty
B) Surplus Treaty
C) Pool Basis
D) Excess of Loss Treaty
E) Stop Loss Treaty
