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Category: IC57 FIRE AND CONSEQUENTIAL LOSS INSURANCE – 14

IC57 FIRE AND CONSEQUENTIAL LOSS INSURANCE – 14

Que. 1 : Q1) Which of the following regarding silent risks is False?

   1.  a) Risks under Section III, IV & V only are allowed silent rates

   2.  b) No discounts are allowable for silent risks

   3.  c) Factories where no manufacturing/storage activities are carried out for 30 days are silent

   4.  d) None of the above is false

Que. 2 : Q2) Debris removal expenses are covered upto ____ % of the claim amount under standard fire and special perils policy.

   1.  a) 1%

   2.  b) 2%

   3.  c) 3%

   4.  d) 4%

Que. 3 : Q3) Which type of Fire Policy covers stocks at various loactions under one Sum Insured?

   1.  a) Declaration Policy

   2.  b) Reinstatement Value Policy

   3.  c) Floating Policy

   4.  d) Consequential Loss Policy

Que. 4 : Q4) Which of the following is not an exclusion under Fire policy

   1.  a) Lightning without actual ignition

   2.  b) Burning of property insured by order of any Public Authority

   3.  c) Damage caused to the property insured by its own spontaneous combustion

   4.  d) All of the above

Que. 5 : Q5) Reinstatement Value policy can be issued for

   1.  a) Stock in process

   2.  b) Building

   3.  c) Stock in godown

   4.  d) None of above