unit 3 IRM

Which of the following is NOT a type of general insurance?

• Life Insurance

• Fire Insurance

• Marine Insurance

• Motor Insurance

General insurance is usually issued for a period of:

• 5 years

• Lifetime

• 1 year

• 10 years

Which principle of insurance states that the insured must suffer actual loss to claim insurance?

• Contribution

• Subrogation

• Indemnity

• Utmost Good Faith

Which principle means the insured must disclose all material facts?

• Proximate Cause

• Contribution

• Utmost Good Faith

• Subrogation

Fire insurance usually does NOT cover damage caused by:

• Explosion

• Riot

• Earthquake

• Intentional fire

Which insurance covers damages to goods transported over sea?

• Life Insurance

• Motor Insurance

• Marine Insurance

• Fire Insurance

Which document is essential to initiate a general insurance claim?

• Bank statement

• Death certificate

• Insurance policy document

• Insurance proposal form

Motor insurance is mandatory under the:

• Motor Vehicles Act

• Insurance Act

• IRDA Act

• Contract Act

What type of insurance covers injuries sustained by a person in an accident?

• Health Insurance

• Personal Accident Insurance

• Marine Insurance

• Fire Insurance

Which of the following is a miscellaneous insurance?

• Theft Insurance

• Life Insurance

• Pension Insurance

• Annuity Insurance