Page 101 - IC38 GENERAL INSURANCE

Ajay falls off a horse and breaks his back. He lies there in a pool of water and
contracts pneumonia. He is admitted to the hospital and dies because of
pneumonia.

I. Pneumonia
II. Broken back
III. Falling off a horse
IV. Surgery

Answers to Self-Examination Questions

Answer 1
The correct option is II.
The element of a valid contract deals with premium is consideration.
Answer 2
The correct option is I.
Misrepresentation relates to inaccurate statements, which are made without
any fraudulent intention.
Answer 3
The correct option is III.
Coercion involves pressure applied through criminal means.
Answer 4
The correct option is III.
Life insurance contracts are contracts between two parties (insurer and insured)
as per requirements of Indian Contract Act, 1872.
Answer 5
The correct option is III.
Bribe is not a valid consideration for a contract.

Answer 6
The correct option is II.

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