Page 448 - IC38 GENERAL INSURANCE

Question 6

In case of a fire claim, a report from the fire brigade:

I. is not required
II. is optional for the insured
III. is necessary
IV. is part of the police report

Question 7

What is TAT?

I. Time and Turn
II. Till a Time
III. Time and Tide
IV. Turnaround Time

Question 8

On payment of loss, salvage belongs to:

I. Surveyors
II. Insured
III. Insurer
IV. Local authorities

Question 9

Arbitration is a claim settlement process done ______________.

I. in the court of law
II. by a group of surveyors
III. by arbitrator(s) chosen by the parties involved
IV. arbitrarily by the insurance company‟s employees

Question 10

Insurers under right of subrogation are allowed to recover the loss paid from:

I. Shipping companies only
II. Railways and road carriers only
III. Airlines and Port Trusts only
IV. Shipping companies and railway and road carriers and airlines and port

trusts

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