Page 125 - Misc Ebook IC 78

Miscellaneous Insurance

Ans.(iii) Sum Insured - Rs. 10,00,000
Rate of premium = 0.1%
Actual Stock declared = Rs. 48,00,000
Since, Actual Stock declared > Sum Insured, there would
not be any refund. Moreover, pro-rata average would
be applicable on the amount because of under insurance.

Q10. Write a detailed note on poultry insurance
i.e

(i) Coverage provided - the policy provides indemnity
against death of the birds due to accident (including fire,
lightning, flood, cyclone or storm or Tempest or
earthquake, riot and strike, act of terrorism), or disease
contracted or occurring during the period of insurance.

(ii) Exclusions - these are the following exclusions:
a) malicious or wilful injury or neglect
b) transit by any mode of transport
c) improper management, including overcrowding, i.e
when the farm is not run on scientific poultry
management guidelines and standards laid down by
Poultry Corporations or Animal Husbandry

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