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Category: IC77 ENGINEERING INSURANCE EXAM – 12

IC77 ENGINEERING INSURANCE EXAM – 12

Que. 1 : Q1) Section 2 of Electronic Equipment Insurance policy covers which of the following?

   1.  a) Increased Cost of Working

   2.  b) External Data media

   3.  c) Material Damage

   4.  d) None of these

Que. 2 : Q2) What is a method employed by the direct insurer to dispose off the surplus in excess of its capacity to retain?

   1.  a) Endorsements

   2.  b) Considerations

   3.  c) Reinsurance

   4.  d) None of these

Que. 3 : Q3) The Institute Cargo Clause mentions that after offloading the imported goods from the vessel/ aircraft, Marine Policy shall be in force for a maximum period of __________ respectively.

   1.  a) 20/40 days

   2.  b) 30/60 days

   3.  c) 45/75days

   4.  d) 60/90 days

Que. 4 : Q4) In an LOP policy, Auditor fees is

   1.  a) An Extension

   2.  b) A built in cover

   3.  c) A part of standing charges

   4.  d) Not to be covered

Que. 5 : Q5) For which of the following sections of the EEI policy should the ‘sum insured’ be equal to the cost of replacement of the insured property by the new property of the same kind and capacity?

   1.  a) Section 1 : Material damage

   2.  b) Section 2 : External data media

   3.  c) Section 3 : Increased cost of working (ICOW)

   4.  d) All sections