Q 1. What shall mean any fired closed vessel or a combined container piping system in which steam is generated under pressure?
Q 2. Which of the following is taken into account in fixing the estimated completely erected value of the contract works under CAR Policy?
Q 3. What is a prior agreement between the ceding company and the reinsurer whereby the ceding company agrees to cede and the reinsurer agrees to accept all business up to a certain limit laid down in the treaty contract upon agreed terms and conditions?
Q 4. In CAR Insurance, maintenance period is usually __________ but may vary depending on the type of contract work.
Q 5. Which of the following is an example of 'mobile machinery'?
Q 6. Which of the following is incorrect with respect to the CAR policy?
Q 7. An Engineering Policy can be issued to cover:
Q 8. The main objective of _____________ is to protect the leasing company's interests as the owner of installations and machinery leased for a certain number of years under various leasing contracts.
Q 9. It is a condition precedent under the Deterioration Policy that a claim should be admitted under the Machinery Insurance Policy.
Q 10. Risk management includes
Q 11. Which of the following machines should not be covered under MB policy
Q 12. Which of the following steps will be initiated once the DPR is complete?
Q 13. Q13) What is used for reducing volume and increasing pressure of liquids and gases?
Q 14. In EAR insurance, the contractors may take out cover during the maintenance period to fulfil their obligations under the contract; such maintenance period is usually _____________, but may vary depending on the type of contract work.
Q 15. Following is not an annual policy strictly
Q 16. The money paid or payable to the insured for goods sold or services rendered in course of the business at the premises is known as?
Q 17. Which of the following parameters are needed for installment premium collection under project insurance? The entire premium is to be collected six months before the policy expires.1st installment more by 5% of total premiumpolicy period should be less than 1 yearpolicy period should be more than 1 yearEqual installment payments over the policy periodSelect the correct options from the list above.
Q 18. Which one of the following is not operational cover under Engineering Insurance
Q 19. How many classified group of machineries a vailable under CPM policy?
Q 20. Which of the following policy normally cover lift cranes, Material hand ling and equipment in the construction and project sites
Q 21. Which testing is also known as functional testing?
Q 22. What is the period within the period of delay for which loss is borne by the insured and it starts along with the indemnity period and is normally stipulated to absorb the effects of delay due to minor events which are inherent to the project?
Q 23. What has been defined under the Act as any closed vessel exceeding 22.75 litres capacity which is used expressly for generating steam under pressure and includes any mounting or other attached to such vessel which is wholly under pressure when steam
Q 24. Which of the following is false regarding escalation provision in CAR policy:
Q 25. The last premium under EAR/CAR Policy where installment facility has been granted has to be made before
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