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3. The insured may authorize repairs necessitated by damage caused under policy
provided estimated cost of such repairs does not exceed :
a. Rs.1000/-
b. Rs.500/-
c. Rs.250/-
d. Rs.1200/-
16. Which of the following doesnt have a bearing while accepting a motor proposal?
a. Moral hazard of the insured
b. Roadworthiness of the vehicle
c. Educational qualification of the proposer.
d. Anti theft devices fitted into the vehicle.
17. Owner of goods traveling along in a goods vehicle will be treated for the purpose
of claims as :
a. Insured
b. Third Party
c. Gratuitous Passenger
d. Employee
18. Claim Enq. Officer and Claim Settlement Commissions are part of :
a. MACT
b. EST Act
c. Soratium Fund
d. WC Act
19. OD Claim under Comml. Vehicle chemical tanker will be considered if the driver
has :
24. The time limit normally allowed for presenting claim petition u/s 166 is :
a. 3 months
b. 6 months
c. 9 months
d. 1 year
26. On the date of accident, the Insured had sold the vehicle and the policy was not
transferred under the circumstances.
a. The Insured Co. can deny TP liability
b. The Insured Co. cannot deny TP liability
c. The Insured Co. can pay OD Claim and deny TP Claim
d. None of the above.
Model
Carrying capacity
Permit route
Fleet
Past claim experience
Terrain (Geographical area) where plying
Age / experience of drivers / codunctors
Private / Public
Road worthiness of vehicle / Inspection
PA for passengers
Other Insurances from the same insured
Voluntary excess
Own workshops / access to quality workshops
Member of association / safety equipments.
Owner & driver same.
MOTOR INSURANCE
17. OD Claims arising out of collision of vehicles are processed on the basis of :
a. Normal claims handling procedure
b. Knock for knock agreement
c. Market Agreement
d. Memorandum of Understanding
18. In a standard Act Only Policy, liability towards damage to third party is
limited to
a. Rs.75000/-
b. Rs.1,50,000/-
c. Rs.6000/-
d. Unlimited
20. Driving licence is not a material requirement for settling a claim arising out
of:
a. Theft
b. Collision
c. Accident caused by self
d. Any other accident by external means
21. A third party liability is often awarded against more than one insurer in case of
:
a. Dispute on admissibility of claim
b. Absence of insurance policies
c. Unenforceable policies produced
d. Contributory negligence