Latest Updated IC34 English Paper 19

Which of the following statements is True?
(1) The indemnity clause of industrial risks public liability policy excludes Products liability
(2) The indemnity clause of industrial risks public liability policy excludes Pollution liability

The authority responsible in the redressal of disputes between the insurer and the insured is known as

Which of the below statement is correct with regards to corporate frequent travelers plan?

As per IRDA regulation a surveyor has to be appointed within ____hours/days of reciept of claim intimation from the insured.

Identify the statement which is not correct. Insurance agent should __________.

An insured cannot recover more than his actual loss because of

Insurance agents who hold licence to act as an agent for both a life insurer and a general insurer are called _______________.

Negotiation is a process _____________.

Lloyds Coffee House is regarded as the place where insurance started the way it is practised today. Lloyds is located in __________.

Which of the following is NOT payable under Burglary(Business Premises) policy?

Which of the following questions is common to all proposal forms.

When there are several policies on the same subject-Matter, each insurer pays only a proportion of the loss. This is know as

In Engineering insurance CAR stands for

In case of Motor Insurance which document is considered as the only evidence of existence of a valid insurance by police authorities and RTO

Which of the following statement is True?

A document which provides an evidence of contract of insurance is called________

A company has a fire insurance policy containing a clause which requires the testing of all fire alarms on the premises at the end of each working day. Failure to do so may render the policy void. This is known as

The amount of relief payable under public liability Insurance Act, 1991 for Accident is

Personal liability insurance policies cover damages to properties and injuries to other people due to

Two main sources of Income for an Insurance Company are Underwriting Income and __________

Which of the following statements is True? Domiciliary hospitalization benefit does not include (1) Pre- hospitalization treatment (2) Post -Hospitalization treatment

Following is not an insurance intermediary:

Which policy covers damage to actual structure of the vessel?

An Excess is another word for

In case of a fire claim, a report from the fire brigade:

Which among the following cannot be an element in a valid insurance contract?

In the insurance context risk means

Reserves for Unexpired risks come under the heading

Fire reinstatement value policy is not issued in respect of _______

______________ means spreading ones investment in different kinds of assets.

Which of the following question is common to all proposal forms?

Which of the following statements is True? (1) Code of conduct does not apply to insurance brokers. (2) Code of conduct does not apply to surveyors and loss assessors

Which of the following statements is true?

Claim under the critical illness policy is payable if during the policy period the Insured is found to have contracted a critical illness and survives such critical illness for at least _____ days from the date of its discovery.

If the insurer decides that a certain loss is not payable because it is not covered under the policy then who decides on such matters?

An example of a fact which need not be disclosed unless asked for is ______________ by the insurer.

Who among the following carries out the investigation for a claim for a small loss?

A warranty

Consumer Protection Act deals with:

Which of the following is True as per the redressal of public grievances rules? (1) The award should not be more than Rs 20 lakh. (2) The award should be made within three months from the date of complaint

Which of the following statements is False?

Insurers follow two premium insurance analysis. One is Asset Liability Management. The other one is

A subrogation claim is recovered from the third party and which other party?

Under Motor Insurance Ambulance will be classified under which class?

Which of the following is not considered as permanent total disablement?

In shop keepers insurance, which of the following are not covered?

The sharing of a claim between two insurers is called

Which of the following is not a contract of indemnity in the strict sense?

Fire Insurance Policy does not cover damage to property even as add-on cover due to___________.

When there is a possible claim the insured must initially advise the insurer within what time period?