Q 1. What refers to, if the plaintiff suffers injury or damages partly due to his own fault and party due to the fault of the defendant, the damages will be reduced according to the blame attaching to the plaintiff?
Q 2. Which clause is known as interpretation condition?
Q 3. Under which clause, an accident may result in one claim from one injured person or several claims from than one person injured and again a single accident may result in a series of claims one after another?
Q 4. Which of the following business is not covered under industrial risk?
Q 5. An underwriter, while developing the pricing for the company, has to ensure that the___________is within 100% of profitability of each and every protfolio?
Q 6. Directors and officer may be liable to Government regulatory bodies for which of the following?
Q 7. The questions in the proposal from relate to which of the following?
Q 8. The excess clause is applicable only for medical establishments where the insured has to bear a compulsory excess for each and some exclusions.Say whether True or False.
Q 9. Which of the operative clause refers to the business of the Insured, the proposal and declaration and payment of premium?
Q 10. What means movement into or onto an aircraft, watercraft or auto, whilst in such craft or whilst being moved from such craft?
Q 11. Which of the following factors is not used for the determining the premium for industrial risk under a public liability policy?
Q 12. Under medical expenses for bodily injury caused by an accident with in the covered territory and the policy period,expenses are incurred and reported to insurers:
Q 13. Q13) What means one which becomes uncontrollable or breaks out from where it was intended?
Q 14. An action can be time-barred under the provisions of the Statute of ___________.
Q 15. Time barred liability condition provides that there shall be no liability under the policy for a claim made after__________ from the date of accident and this is as per provisions of the Act.
Q 16. Directors and officer may be liable to Employee for which of the following?
Q 17. Which liability acts of negligence resulting in loss or damage to property or death or injury of third party?
Q 18. The Employer's Liability Assurance Corporation Ltd founded in ________ was the first company to transact this business.
Q 19. For cancellation of Policies, ________ notice in case of non-payment of premium shall be given.
Q 20. Which law is particularly applied in many states in the U.S.A and in many developed countries, liability for defective products is now governed by the legal principle of ' strict liability'?
Q 21. A professional person with a particular skill or expertise will be judged by the stand ard applicable to____________.
Q 22. In non-industrial risks' public liability policy there is an additional exclusion 8.16. Say whether True or False.
Q 23. If liability fro the claim is disclaimed by the insurance company, the insured owner has to file a civil suit in a court of law within _____ from the date of such disclaimer.
Q 24. Underwriting process involves:
Q 25. Large business groups which operate in many countries have special insurance problems. They may have to arrange local insurance as per local laws. Nevertheless, the group head office may arrange a _________ to cover any gaps in local insurance covera
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