Q 1. If the insurer wants to avoid liability on grounds of non-disclosure, he must prove certain facts. Which of the following is INCORRECT ?
Q 2. Compensation (Insurance liability) for accidents occurring while hand ling hazardous substances is provides under the ________ .
Q 3. The minimum premium condition is meant to cover administrative costs incurred under which policy ?
Q 4. In which of the following contracts does the buyers's responsibility of arranging insurance begin once the goods are placed on board ?
Q 5. A boiler, which was used by a factory to generate steam for captive use, imploded causing damage to it. There was no other loss than this. Will the fire policy indemnify for the loss of boiler ?
Q 6. A company insured its property assuming for full value as Rs 10,00,000/=. In an event of claim, it was realized that the original value of the property was Rs 12,50,000/=. The claim amount was Rs 2,00,000/= Will any claim be paid and if yes, what wil
Q 7. With rapid changes in the insurance sector and increased competition, what should the insurance companies do to stand out ?
Q 8. How are the claims cost ideally controlled ?
Q 9. In which section of the policy document is the location of property to be insured mentioned ?
Q 10. For what is the Trial Balance used ?
Q 11. The full form of ILU is __________ .
Q 12. What is not an implied condition of insurance ?
Q 13. In PA, the coverage for loss of two limbs and two eyes is ____ %.
Q 14. If a / an _________ issues a Claim Form, it does not constitute an admission of liability on its part.
Q 15. How are the limits of liability of a ship owner for loss of or damage to cargo calculated ?
Q 16. Which is the most appropriate insurance cover for contingent losses like cancellation, loss of reputation, loss of gate money and advertisement etc. ?
Q 17. What are the claims recoveries made from third parties known as ?
Q 18. As per the Insurance Act, the __________ may, by rules, relax the requirements in respect of advance payment of premium.
Q 19. Which are the two categories in which partial losses in marine insurance can be classified ?
Q 20. For what is the 'Premium Register Copy' must for ?
Q 21. The proposals for imported motor vehicles are accepted subject to _________ .
Q 22. For what is Open Cover generally issued ?
Q 23. Who arranges the re-insurance on behalf of insurer ?
Q 24. __________ covers operational loss to engines, air compressors, pumps etc.
Q 25. What does 'Condition of Average' mean ?
Q 26. If the insurer wants to avoid liability on grounds of non-disclosure, he must prove certain facts. Which of the following is INCORRECT ?
Q 27. Compensation (Insurance liability) for accidents occurring while hand ling hazardous substances is provides under the ________ .
Q 28. The minimum premium condition is meant to cover administrative costs incurred under which policy ?
Q 29. In which of the following contracts does the buyers's responsibility of arranging insurance begin once the goods are placed on board ?
Q 30. A boiler, which was used by a factory to generate steam for captive use, imploded causing damage to it. There was no other loss than this. Will the fire policy indemnify for the loss of boiler ?
Q 31. A company insured its property assuming for full value as Rs 10,00,000/=. In an event of claim, it was realized that the original value of the property was Rs 12,50,000/=. The claim amount was Rs 2,00,000/= Will any claim be paid and if yes, what wil
Q 32. With rapid changes in the insurance sector and increased competition, what should the insurance companies do to stand out ?
Q 33. How are the claims cost ideally controlled ?
Q 34. What is typically included in the LIC policy document?
Q 35. For what is the Trial Balance used ?
Q 36. The full form of ILU is __________ .
Q 37. What is not an implied condition of insurance ?
Q 38. In PA, the coverage for loss of two limbs and two eyes is ____ %.
Q 39. If a / an _________ issues a Claim Form, it does not constitute an admission of liability on its part.
Q 40. How are the limits of liability of a ship owner for loss of or damage to cargo calculated ?
Q 41. Which is the most appropriate insurance cover for contingent losses like cancellation, loss of reputation, loss of gate money and advertisement etc. ?
Q 42. What are the claims recoveries made from third parties known as ?
Q 43. As per the Insurance Act, the __________ may, by rules, relax the requirements in respect of advance payment of premium.
Q 44. Which are the two categories in which partial losses in marine insurance can be classified ?
Q 45. For what is the 'Premium Register Copy' must for ?
Q 46. The proposals for imported motor vehicles are accepted subject to _________ .
Q 47. For what is Open Cover generally issued ?
Q 48. Who arranges the re-insurance on behalf of insurer ?
Q 49. __________ covers operational loss to engines, air compressors, pumps etc.
Q 50. What does 'Condition of Average' mean ?
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