## IC56 FIRE INSURANCE CLAIMS – 02

**Que. 1 ****: Q1) As per condition 5 of the fire insurance
policy, an insurer can terminate the policy with_____________days’ notice.**

**1. ** a) 5

**2. ** b) 7

** 3. ** c) 10

** 4. ** d) 15

**Que. 2 ****: Q2) In State Commission, claim amount payable is
____________.**

**1. ** a) Rs.5 lakhs

**2. ** b) Rs.10 lakhs

** 3. ** c) More than Rs.5 lakhs but less than
Rs.20 lakhs

** 4. ** d) Exceeds Rs.20 lakhs

**Que. 3 ****: Q3) Onus of proof is otherwise known as**

**1. ** a) Wording of proof

**2. ** b) Burden of proof

** 3. ** c) Terms of proof

** 4. ** d) Evidence of proof

**Que. 4 ****: Q4) Under the principle of Contribution, Calculate
the Claim payable by each Policy of Total Claim admissable?**

**1. ** a) X =Rs.1,000 , Y = Rs.5,000, Total =
Rs.6,000

**2. ** b) X =Rs.2,000 , Y = Rs.4,000, Total =
Rs.6,000

** 3. ** c) X =Rs.4,000 , Y = Rs.2,000, Total =
Rs.6,000

** 4. ** d) X =Rs.3,000 , Y = Rs.3,000, Total =
Rs.6,000

**Que. 5 ****: Q5) What is the minimum amount as defined in the
policy which is deducted from each and every claim?**

**1. ** a) Loss or damage

** 3. ** c) Exclusions

**2. ** b) Destruction

** 4. **d) Excess