SCDL Paper of Property and Liability Insurance - 1.3
SCDL Assignment on Property
Principle of ________ arises if the same subject matter is insured with two or more insurers.
Contribution
How does a Civil Liability arise?
By tort , By murder , By contract
Permanent Total Disability Cover' is available under Cattle Insurance by additional premium.
True
________ insurance takes care of properties like money, plate glass, cattle, television etc.
Miscellaneous
Householder policy is issued for :
Residence
The most effective and powerful cause which has brought out the loss is called ________ cause.
Proximate
The legal duty of utmost good faith arises under :-
Common law
When dispatch is at carrier's risk, ________% discount is allowed on applicable rates.
10
Third party liability cover under MCE Policy is
Upto Rs. 1 Crore
A Surveyor is required for assessing the losses exceeding Rs. ________.
20000
Which of the following are exclusions to EEI policy ?
Hailstorm , Malicious damage' , Aesthetic defects
Long term policies discount is available under cattle insurance.
True
The total sum insured under section I A i.e. building and B contents of shopkeeper's policy should not exceed Rs.________/-.
10, 00,000
What does Liability Insurance comprise of?
Product liability policy , Public liability policy , Employers liability (Workmen Compensation) policy
Cattle insurance does not cover claim within fifteen days from date of risk covered
True
Following policies are issued under Engineering department :-
Errection All Risk , Boiler Explosion , Electronic Equipment
In Fidelity guarantee under Shopkeeper insurance, the sum insured is ________ of the sum insured under section 1 or Rs.100000 whichever is less.
0.1
An employer is responsible for Workers Compensation in case the worker sustains injury while working for the employer. This 'is an example of ________ liability.
Absolute
In Fire Declaration policy, if declarations are not received within a specified period then :-
The full sum insured under the policy shall be deemed to have been declared
The owner of unimproved land is exposed to reduction in value of land.
True
________ risks affect a larger strata of society e.g. unemployment, inflation etc.
Fundamental
What loss does an All Risk policy not cover?
Arising from mildew , Arising from war
If the policy is cancelled at the option of the Insurer, refund of premium shall be :
On pro-rata basis
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