Property and Liability Insurance - 1.3

• 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