Menu Close

Category: IC56 FIRE INSURANCE CLAIMS – 11

IC56 FIRE INSURANCE CLAIMS – 11

Que. 1 : Q1) Condition 6 provides for submission of a written claim by the insured within __________ days after the loss or damage.

   1.  a) 15 days

   2.  b) 30 days

   3.  c) 45 days

   4.  d) 60 days

Que. 2 : Q2) In case of a claim, a surveyor has to be appointed for assessing a loss/claim within ______ from the receipt of loss intimation from the insured.

   1.  a) 12 hours

   2.  b) 36 hours

   3.  c) 48 hours

   4.  d) 72 hours

Que. 3 : Q3) What was defined as a rapid downward movement (under the influence of gravity) of a mass of rock or earth on a slope?

   1.  a) Flood

   2.  b) Landslide

   3.  c) Fire

   4.  d) Lightning

Que. 4 : Q4) Express condition 12 in a fire insurance policy provides?

   1.  a) Contribution

   2.  b) Arbitration

   3.  c) Suborgation

   4.  d) Pro-rata Average

Que. 5 : Q5) __________ of the sum insured for each and every claim subject to a minimum of INR 1,00,000 and a maximum of INR Rs.100,000,000.

   1.  a) 0.05%

   2.  b) 0.25%

   3.  c) 0.50%

   4.  d) 0.75%