IC56 FIRE INSURANCE CLAIMS - 11
Que. 1 : Q1) Condition 6 provides for submission of a written claim by the insured within __________ days after the loss or damage.
1. a) 15 days
2. b) 30 days
3. c) 45 days
4. d) 60 days
Que. 2 : Q2) In case of a claim, a surveyor has to be appointed for assessing a loss/claim within ______ from the receipt of loss intimation from the insured.
1. a) 12 hours
2. b) 36 hours
3. c) 48 hours
4. d) 72 hours
Que. 3 : Q3) What was defined as a rapid downward movement (under the influence of gravity) of a mass of rock or earth on a slope?
1. a) Flood
2. b) Landslide
3. c) Fire
4. d) Lightning
Que. 4 : Q4) Express condition 12 in a fire insurance policy provides?
1. a) Contribution
2. b) Arbitration
3. c) Suborgation
4. d) Pro-rata Average
Que. 5 : Q5) __________ of the sum insured for each and every claim subject to a minimum of INR 1,00,000 and a maximum of INR Rs.100,000,000.
1. a) 0.05%
2. b) 0.25%
3. c) 0.50%
4. d) 0.75%