Property and Liability Insurance

Property and Liability Insurance -
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