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Category: IC74 LIABILITY INSURANCE – 10

IC74 LIABILITY INSURANCE – 10

Que. 1 : Q1) Notification has to be followed by a completion of the claim form the reason for this is:

   1.  a) It is a legal requirement

   2.  b) It enables quick/smooth processing of claims

   3.  c) Both of the above

   4.  d) None of the above

Que. 2 : Q2) All of the following claims for doctors and medical establishments are specially excluded under professional liability policy coverage, except: 

   1.  a) Professional service rendered the retroactive data

   2.  b) Third party public liability

   3.  c) Acts committed in violation of law

   4.  d) Service rendered under the influence of intoxicants

Que. 3 : Q3) Which liability is that common law judgments.E.g.Public liability, professional liability, product liability etc?

   1.  a) Insurance covering tort liability

   2.  b) Insurance covering civil liability

   3.  c) Insurance covering Statutory liability

   4.  d) Insurance covering criminal liability

Que. 4 : Q4) Which of the following statement is correct with regards to coverage provided under the compulsory public liability insurance policy?

   1.  a) Risk related to war and nuclear risk are covered at standard rates.

   2.  b) Risk related to war and nuclear risk are covered with extra premium.

   3.  c) Risk related to war and nuclear risk are covered at under riders.

   4.  d) Risk related to war and nuclear risk are excluded.

Que. 5 : Q5) What is the maximum payable under coverage B?

   1.  a) Products-completed operations aggregate limit

   2.  b) General aggregate limit

   3.  c) Personal and advertising Injury Limit

   4.  d) Master Control Program aggregate