Page 190 - Liability Insurance IC74

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Q1. Attempt any 3:
(a) State the ingredients in the definition of
"Accident" in Public Liability Insurance.

Ans. "Accident" is defined as "an accident involving a
fortuitous, sudden or unintentional occurrence while
handling any hazardous substance resulting in
continuous, intermittent or repeated exposure to death
of, or injury to person or damage to any property but
does not include an accident by reason only of war or
radio activity."

(b) What is "Period of Insurance " as defined in
Liability Insurance ? Give one example.
Ans. " Period of Insurance" means the period commencing
from the retroactive date and terminating on the expiry
date as shown in the policy schedule. For e.g, if the
policy period is from 01.01.2009 to 31.12.2009, and the
policy is renewed from 01.01.2010 to 31.12.2010, then
under the renewed policy the retroactive date will be
01.01.2009 which will continue to be the retroactive date
under all subsequent renewals. The retroactive date is
separately mentioned in the schedule. This date is
relevant for the coverage under the policy.

(c) Give 5 examples of Non industrial Risks.
Ans. 5 Non-industrial risks are:

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