unit 3 IRM
Authored by Gayathri Sekar
Business
University
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a type of general insurance?
Life Insurance
Fire Insurance
Marine Insurance
Motor Insurance
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
General insurance is usually issued for a period of:
5 years
Lifetime
1 year
10 years
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which principle of insurance states that the insured must suffer actual loss to claim insurance?
Contribution
Subrogation
Indemnity
Utmost Good Faith
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which principle means the insured must disclose all material facts?
Proximate Cause
Contribution
Utmost Good Faith
Subrogation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fire insurance usually does NOT cover damage caused by:
Explosion
Riot
Earthquake
Intentional fire
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which insurance covers damages to goods transported over sea?
Life Insurance
Motor Insurance
Marine Insurance
Fire Insurance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which document is essential to initiate a general insurance claim?
Bank statement
Death certificate
Insurance policy document
Insurance proposal form
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