IC38 Insurance Agent Exam (Non-Life) Mock Test 1 (50 Questions)

A proposer hides previous claim history while buying policy. This violates:

A factory owner insures machinery and installs fire alarms. This represents:

A cover note is issued when:

If premium is not received, insurer:

Underwriting mainly involves:

A proposal accepted with higher premium due to risk is:

Fire is an example of:

Faulty wiring is an example of:

A person intentionally plans to claim insurance fraudulently. This is:

Which document is final proof of contract?

A motor policy must include:

Warranty in policy means:

Breach of warranty leads to:

Endorsement is used to:

Renewal of policy ensures:

A person insures same property with two insurers. Which applies?

After claim payment, insurer recovers from third party. This is:

Insurance cannot cover:

A shopkeeper buys fire insurance. This is:

Which principle ensures no profit from insurance?

A claim is payable only if:

Which is NOT part of policy?

Proposal form becomes contract when:

Which factor affects premium?

A person reduces risk by installing CCTV. This is:

Claim is:

Which is example of indemnity?

Insurance contract is:

A person bears minor losses himself. This is:

Insurance works due to:

A warehouse owner increases sum insured mid-term. This is done by:

A policyholder fails to renew policy. Result is:

A loss caused indirectly is covered based on:

Which risk is insurable?

Which is not a hazard?

Which is primary function of insurance?

Which document is temporary?

Which policy is mandatory by law?

A policyholder exaggerates loss amount. This is:

Which is example of commercial insurance?

Personal insurance includes:

Which risk is measurable?

Premium depends on:

Which is NOT insurable?

Insurance spreads risk among:

Which is example of retail insurance?

Claim settlement requires:

Which party issues policy?

Risk pooling helps in:

Main aim of general insurance is: