General Insurance Past Paper 1

Exclusions are inserted into policies for the following reasons, EXCEPT

• Cover can be provided under more appropriate policies

• The risks are uninsurable

• The cover is not demanded by insureds

• Insurer requires additional premium for such cover

A claim notification from the insured under a fire policy must be done

• Immediately

• Immediately, and in writing

• Immediately, and followed by a notice in writing within 15 days

• Immediately, followed by a written notice with all relevant details of the claim

The following persons are covered under a motor third party policy:

• Any drivers

• The insured

• The insured and any authorized drivers

• None of the above

Which of the following is NOT commonly found in a fire proposal form?

• Amount to be insured

• Name of the proposer

• Situation of the risk to be insured

• Number of family members of the insured

Which of the following NOT commonly found in a motor proposal form?

• Cubic capacity of the vehicle

• Proposer's name

• Driving offences

• Weight of driver

The issuance of a Motor Certificate of Insurance is required by the

• Insurance act

• Malaysian penal code

• Road transport act

• Office of the director general of insurance

The policy form is

• The insurance contract

• The evidence of the insurance contract

• A record of the subject matter insured

• A note of the amount of premium due

In general, all claim forms seek the following information EXCEPT

• The identity of the insured and claimmant

• The identity of the claimant's solicitors

• The insured's interest in the loss

• The extent of the loss

Which of the following statements is NOT true about the law of large number?

• The loss exposures must be independent

• There must be a large number of similar loss exposures

• There must be a random or chance occurrence of losses

• There must be a large number of insureds experiencing the same loss at the same time out of the same event

Which of the following is NOT an essential feature of insurance?

• All risks can be insured

• Itis an economic institution

• It is based on the principle of mutuality

• It is an accumulation of funds to pay for claims resulting from a specific risk