Question 1

When the subject is partially lost by a peril insured against, it is called..........

Accepted Answer

A)  general average loss
B)  constructive total loss
C)  actual total loss
D)  particular average lossE) A) and B)
F) All of the above

Question 2

Motor vehicle Insurance had its beginning in

Accepted Answer

A)  uk
B)  usa
C)  india
D)  canadaE) A) and C)
F) None of the above

Question 3

........... is document issued to the insured in advance of the policy

Accepted Answer

A)  premium receipt
B)  cover note
C)  certificate of insurance
D)  all of theseE) A) and B)
F) None of the above

Question 4

Which of the following is not a life insurance policy of LIC

Accepted Answer

A)  bima nivesh
B)  jeevan aadhar
C)  komal jeevan
D)  sun lifeE) C) and D)
F) None of the above

Question 5

In insurance, "Causa Proxima" means

Accepted Answer

A)  utmost good faith
B)  contribution
C)  prevent the causes of loss
D)  closely connected perilsE) A) and B)
F) None of the above

Exam 9: Insurance Sector Reforms and Policies

Motor vehicle Insurance had its beginning in