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Category: IC57 FIRE AND CONSEQUENTIAL LOSS INSURANCE – 07

IC57 FIRE AND CONSEQUENTIAL LOSS INSURANCE – 07

Que. 1 : Q1) Which of the following commodities are susceptible to spontaneous combustion?

   1.  a) Groundnuts

   2.  b) Copra cake

   3.  c) Dyes and chemicals

   4.  d) All of the above

Que. 2 : Q2) Which of the following is not covered under RSMD perils?

   1.  a) Damage caused to property due to partial cessation of any process.

   2.  b) Damage caused to property due to temporary dispossession occasioned by order of Govt.

   3.  c) Burglary

   4.  d) All of the above

Que. 3 : Q3) In Reinstatement value policy – the following is not applicable for settlement on repair basis:-

   1.  a) Designation of property

   2.  b) Under insurance

   3.  c) Depreciation

   4.  d) Salvage value

Que. 4 : Q4) If the insured proposes to get STFI during the middle of the policy:-

   1.  a) The same can not be covered

   2.  b) The same can be covered

   3.  c) Covered with a waiting period of 15 days

   4.  d) Covered with a waiting period of 30 days

Que. 5 : Q5) Add on covers under SFSP policy can be included midterm:

   1.  a) At applicable annual premium

   2.  b) At pro-rate premium

   3.  c) At short period scale of rates

   4.  d) Can not be included midterm