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Category: IC45 GENERAL INSURANCE UNDERWRITING – 06

IC45 GENERAL INSURANCE UNDERWRITING – 06

Que. 1 : Q1) The proposal of Cargo in paper bags Exclude which of the following?

   1.  a) Breakage is excluded

   2.  b) Denting and scratching are excluded

   3.  c) Tearing and bursting of bags is excluded

   4.  d) Leakage and contamination is excluded

Que. 2 : Q2) For which of the following reasons is the emphasis of insurance companies shifted from the traditional product portfolio to innovative products, targeting selected customer segments?

   1.  a) General access to computers

   2.  b) Increase in number of customers

   3.  c) Increase in number of insurance

   4.  d) None of the above

Que. 3 : Q3) A ______ can be the cause of injury, damages or loss.

   1.  a) Product

   2.  b) Liability

   3.  c) Peril

   4.  d) Hazard

Que. 4 : Q4) Which policy is issued on stocks which are subject to marked fluctuations in quantity and insured is required to take the policy for the highest sum insured that he predicts during the year and pay provisional premium?

   1.  a) First loss policy

   2.  b) First Declaration policy

   3.  c) All risks insurance cover

   4.  d) None of these

Que. 5 : Q5) Under which risk motor third party liability, public liability, product liability?

   1.  a) Liability risk

   2.  b) Property risk

   3.  c) Personnel risks

   4.  d) Business interruption risks