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Category: IC11 PRACTICE OF GENERAL INSURANCE EXAM – 37

IC11 PRACTICE OF GENERAL INSURANCE EXAM – 37

Que. 1 : Q1) The Overseas Medical Policy Does not provide indemnity for pre-existing medical condition which is defined as sickness for which the insured person was treated in the preceding ____ months prior to travel.

   1.  a) 3 months

   2.  b) 6 months

   3.  c) 9 months

   4.  d) 12 moths

Que. 2 : Q2) As per guidelines, an insurance company has to process an insurance proposal within __________.

   1.  a) 7 days

   2.  b) 15 days

   3.  c) 30 days

   4.  d) 45 days

Que. 3 : Q3) Which of the following is not a standing charge under Consequential loss (fire) policy?

   1.  a) Salaries

   2.  b) Office expenses

   3.  c) Cost of stationery

   4.  d) Cost of raw materials

Que. 4 : Q4) What is also known as endorsement ?

   1.  a) Assignments

   2.  b) Stamping of the policy

   3.  c) Cover letter

   4.  d) Policy document

Que. 5 : Q5) On payment of loss, salvage belongs to:

   1.  a) Surveyors

   2.  b) Insured

   3.  c) Insurer

   4.  d) Local authorities