₹ 999
6 Jan 2023
IC Paper 6 Question
Which of the following statements correctly describes Arbitration?
a) The insured pays more premiums than what is supposed to be paid.
b) The insured profits from purchasing more than one policy covering for the same indemnity.
c) The insurer admits liability for a claim, but the insured does not agree to the amount offered.
d) The rights of the insurer to take possession of the property or situation where the loss or damage has happened.
Related products
-
IC Paper 3 (Set B)
₹ 999 Add to cart6 Jan 2023
IC Paper 3 Question
The duty of disclosure arises under all of the following circumstances except?
a) Upon the application until the inception of the insurance policy.
b) Upon a change in ownership of the insurance policy .
c) Upon renewal of the insurance policy.
d) Upon alteration of the insurance policy.
IC Paper 2 (Set B)
₹ 999 Add to cart6 Jan 2023
IC Paper 2 Question
Which of the following statements about a cover note is false?
a) It is valid only for a certain period.
b) It is subject to the usual terms and conditions of the insurance policy for that class of business.
c) It is subject to any further special clauses if applicable.
d) It is subject to the insurance policy being in force and issued.
IC Paper 1 (Set B)
₹ 999 Add to cart6 Jan 2023
IC Paper 1 Question
Which of the following factors is NOT essential to insurable interest?
a) There must be some property, rights, interest or potential liability capable of being insured.
b) The property, rights, interest or potential liability must be the subject matter of the insurance.
c) The insured must not stand in a relationship, recognised by law, with the subject matter of the insurance.
d) The proposer must benefit from the continued existence of the subject matter of the contract or be prejudiced by its loss.
IC Exam (Set A)
₹ 999 Add to cart6 Jan 2023
IC Exam Question
If a self-employed person, who is a member of a master trust scheme, ceases to be self-employed and becomes a relevant employee of an employer, which of the following actions is he/she NOT allowed to do?
a) Redeem the accrued benefits in the master trust scheme.
b) Transfer the accrued benefits to another master trust scheme.
c) Retain the accrued benefits in the existing account in the master trust scheme.
d) Transfer the accrued benefits to the MPF scheme in which the new employer is participating.