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Category: IC66 MARINE INSURANCE CLAIMS – 15

IC66 MARINE INSURANCE CLAIMS – 15

Que. 1 : Q1) Subrogation in marine insurance refers to transfer of

   1.  a) Right of recovery

   2.  b) Right of possession

   3.  c) Right of ownership

   4.  d) None of the above

Que. 2 : Q2) The marine policies can by transferred by assignment unless expressly it is prohibited

   1.  a) they may be assigned either before or after the loss

   2.  b) they may be assigned only before the loss

   3.  c) they cannot assigned at all

   4.  d) none of the above

Que. 3 : Q3) Subrogation means :

   1.  a) Sharing the loss by the group of insurers

   2.  b) To make good the loss

   3.  c) Something which has a monetary value

   4.  d) Transfer of rights of an insured to another person

Que. 4 : Q4) What is the transportation of goods under a single contract of affreightment but performed with at least two different means of transport?

   1.  a) Multimodal transport

   2.  b) Material damage

   3.  c) Common Carrier

   4.  d) Competent authority

Que. 5 : Q5) If the vessel has sailed but premium was not paid in advance, then the Insurance Company

   1.  a) Can give the coverage by accepting the premium

   2.  b) Can refuse the coverage

   3.  c) Can provide coverage on Ex Gratia basis

   4.  d) All of the above