Que. 1 : Q1) Which clause is incorporated in the policy where more than one insured is covered under the policy?

   1.  a) Operative Clause (Clause 1)

   2.  b) Extended claim reporting clause(clause 3(b) )

   3.  c) Indemnity to other(clause 4)

   4.  d) Cross liabilities (Clause 5)

Que. 2 : Q2) Which clause provides that the insured may notify the company in writing during the policy period, of any specific event or circumstances which may give rise to a claim in the future, that is, after the expiry of the policy period?

   1.  a) Operative Clause (Clause 1)

   2.  b) Indemnity(Clause 2)

   3.  c) Notification extension Clause (Clause 3(a) )

   4.  d) Indemnity to other (Clause 4)

Que. 3 : Q3) Which of the following ratios is not used to calculate the net combined operating ratio for determining the profitability of an insurance protfolio?

   1.  a) Expense ratio

   2.  b) Premium received ratio

   3.  c) Commission ratio

   4.  d) Incurred claims ratio

Que. 4 : Q4) In which of the following court case concerning an insurance broker?

   1.  a) Lanphier v. phipos

   2.  b) Badgley v.Dickson

   3.  c) L.B.joshi v. T.R.Godbole

   4.  d) Chapman v.Walton

Que. 5 : Q5) Section II deals with?

   1.  a) Definitions

   2.  b) Meaning of insured

   3.  c) Policy conditions

   4.  d) Limits of insurance applications