IC78 MISCELLANEOUS INSURANCE EXAM – 26

Que. 1 : Q1) Premium computation under Public Liability Policy depends on:

   1.  a) Risk Group

   2.  b) Limit of Indemnity

   3.  c) Ratio of AOA:AOY

   4.  d) All of the above

Que. 2 : Q2) In estimating the amount of any loss, the value of securities shall be taken at the average market price or value in rupees on:

   1.  a) The date of occurrence of such loss(omitting sundays and holiday)

   2.  b) The date of discovery of such loss(omitting sundays and holiday)

   3.  c) The date of occurrence of such loss(including sundays and holiday)

   4.  d) The date of discovery of such loss(including sundays and holiday)

Que. 3 : Q3) Choose the correct statement with regards to Kidnap and ransom insurance

   1.  a) Kidnap and ransom policies are indemnity policies

   2.  b) Kidnap and ransom policies also typically indemnity personal accident losses caused by a kidnap

   3.  c) Kidnap and ransom policies may include kidnap prevention training

   4.  d) Kidnap and ransom policies pay ransom on the insured

Que. 4 : Q4) The S.I. for Domiciliary Hospitalisation under Medical policy is fixed as under:

   1.  a) 10% of TSI upto 1 lac or 15% of TSI beyond 1 lac.

   2.  b) 15% of TSI upto 1 lac or 20% of TSI beyond 1 lac.

   3.  c) 20% of TSI upto 1 lac or 15% of TSI beyond 1 lac..

   4.  d) None of the above

Que. 5 : Q5) The onus of substantiating a claim under the policy rests on the___________.

   1.  a) Insured

   2.  b) Insurer

   3.  c) Both I and II

   4.  d) None of the above

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