Page 378 - IC38 GENERAL INSURANCE

Registration certificate of insurer is not a source of information for underwriter.
Answer 5
The correct option is III.
Hazards are factors that increase the impact and severity of losses.
Answer 6
The correct option is IV.
Physical hazards can be ascertained from information given in a proposal form.
Answer 7
The correct option is II.
In motor insurance one of the warranties is that vehicle should not be used for
speed testing.
Answer 8
The correct option is II.
The purpose of deductible clause is to eliminate small claims.
Answer 9
The correct option is II.
Installation of sprinkler system in the premises decreases the risk of fire.
Answer 10
The correct option is III.
Insured‟s declared value in motor insurance includes manufacturer‟s selling
price.

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