Professional Documents
Culture Documents
Pce Part B Set D
Pce Part B Set D
A annual basis
B long term basis
C half yearly basis
D monthly basis C10
3 Which of the following statement can’t be found in the proposal form of Personal
Accident Insurance?
A Name of proposer
B Age and occupation of proposer
C Management of factory
D Address of proposer C10
4 Mr.Samy bought a car insurance policy of RM20,000. He met with an accident and a
claim was paid out for RM10,000. What will happen to his insurance policy?
A the policy will have to be returned to the insurer before any claim payment can
be made
B the balance of the sum insured shall be RM10,000
C no change in the sum insured
D he has to pay additional premium to reinstate the sum insured to RM20,000
C10&C14
6 Comprehensive Aviation Insurance Policy provides coverage to the insured which can
be summarized as providing coverage for_______________.
7 Encik Ahmad is a lawyer and his friend Mr Lee is an architect. If you were approached
by them for coverage on liabilities that might result from professional negligence,
what kind of insurance coverage would you propose to them?
A Fidelity Guarantee
B Product Liability Insurance
C Professional Indemnity
D All Risks Insurance C10
8 Which type of policies provide coverage against any claims and damages due to
products manufactured?
9 Employer’s legal liability for death or injuries to employees during course of work is
stated in __________.
A Employment Act
B SOCSO and Common Law
C Employee Provident Fund (EPF)
D Trade Union Act C10&C11
A private car
B damage to vehicle whilst in transit
C failure and damage due to mechanical or electrical
D theft of the car C10
A Freight
B Hull Policy
C Building Risk Policy
D All Risks Policy C10
16 The compulsory form of indemnity required by the Road Transport Act 1987
(amended) is:
A Motor Insurance
B Personal Accident Insurance
C Fire and Engineering Insurance
D Marine Cargo Insurance C10
18 Mr.Tham’s Fire Insurance protects him from all losses incurred by fire, storm and
flood. All these are classified as ____________.
A separate perils
B perils not insured
C insured perils
D exclusion perils
C10
A Fire Insurance
B Motor Insurance
C Personal Accident Insurance
D All Risk Insurance C10
A Fire Insurance
B Health Insurance
C Personal Accident Insurance
D All of the above C10
A Common Law
B Workers’ Compensation Act
C Manufacturing Act
D Industrial Act
C11
23 In motor tariff, what is the scale used to calculate premium for period of 6 months?
24 According to fire insurance tariff, what is the scale used to calculate premium for
coverage for the period of 6 months?
A type of occupancy
B location of risk
C accomodation management
D A and B C11
26 If two types of work is being done at the same time in the same building, which rate
will be used in the fire tariff?
A Rate charged according to the type of work with the higher rate
B Rate charged according to the type of building
C Average rate for all types of work
D Special rate C11
28 A situation where an applicant who knows that he has a very high probability of loss
submits a proposal for insurance is called____________.
A a good selection
B insurer’s selection
C selection of an agent
D antiselection
C11
A Cover Note
B Policy Form
C Certificate of Insurance
D Proposal Form C12
A agent
B insurance broker
C proposer
D insurer C12
31 If the insured and insurer intend to modify the terms and conditions, they can do so by
____________.
A Preamble
B Schedule
C Condition
D Declamation C12
35 When a person buys an insurance, he will need to complete a document. What is that
document?
A Cover Note
B Renewal Notice
C Policy
D Proposal Form C10
36 If the insured concealed material facts, which section of the policy provides that the
insurer has the right to repudiate liability?
A Conditions / Exclusion
B Attestation Clause
C Recital Clause
D Operative Clause C12
A stamp book
B register insurance
C cover note
D risk card C12
A an endorsement
B a cover note
C a new policy
D A and C C12
46 If at the time of loss, the value of the property is higher than sum insured,
____________ will be applied.
A Limitation as to use
B Authorized drivers
C Registration
D Panel workshop C14
48 When an insurer decides to terminate the motor insurance policy, it has to:
A give fourteen ( 14 ) days notice with registered mail to the insured’s last known
address and return the premium on a pro-rated basis
B give thirty (30) days notice to the insured and return the premium on a pro-rated
basis
C give verbal notice to the insured
D give notice to the agent and the insured
C14
A 15% to 50%
B 20% to 45%
C 25% to 55%
D 35% to 55% C14
51 The insured can cancel his fire policy, however he must notify the insurer
____________.
A within 14 days
B within 28 days
C within 7 days
D immediately C14
52 Which part of the policy provides that the insurer can effect settlement of claim by
cash payment, repair, replacement or reinstatement?
A Operative Clause
B Recital Clause
C Conditions
D Attestation Clause C14
53 Which section of the policy stipulates that the insured has paid or agreed to pay the
premium?
A Cancellation Clause
B Schedule
C Operative Clause
D Recital Clause C14
A After the insured has released his interest over the subject matter
B Before the insured releases his interest over the subject matter
C At anytime
D After the policy has been issued C14
57 Which of the following is not stated under the Inter-Company Agreement on Motor
Tariff?
A MII formula
B PIAM formula
C Insurer’s formula
D KPI Office C15