Q-11- Marine Hull insurance covers the loss or damage to a ship’s __________.
- Hull
- Machinery
- Both of above
- None of above
Option-3 Marine Hull insurance covers the loss or damage to a ship’s Hull & Machinery.
Q-12- Sea or Ocean-going vessels are usually have more than_____________.
- 4000 MT Gross Tonnage
- 5000 MT Gross Tonnage
- 6000 MT Gross Tonnage
- 7000 MT Gross Tonnage
Option-2 Sea or Ocean-going vessels are usually have more than 5000 MT Gross Tonnage.
Q-13- IACS refers to
- Inland Association of Classification Societies (IACS)
- Indian Association for the Cultivation Of Science (IACS)
- Inter water Association of Classification Societies (IACS)
- International Association of Classification Societies (IACS)
Option-4 The International Association of Classification Societies (IACS) is a technically based non-governmental organization.
Q-14- From below which is the member of the International Association of Classification Societies (IACS).
- DNV
- Bureau Veritas
- Indian Register of Shipping
- All of above
Option-4 All above are members of International Association of Classification Societies (IACS).
Q-15- Presently, how many members societies under International Association of Classification Societies (IACS)?
- 10
- 11
- 12
- 13
Option-1 Presently, there are twelve(12) members societies under International Association of Classification Societies (IACS).
Q-16- ____________ helps them identify potential fraudulent claims faster and more accurately.
- chatbots
- Deep learning
- Claim analysis
- Machine learning
Option-4 Machine learning helps them identify potential fraudulent claims faster and more accurately.
Q-17- Insurers use machine learning to predict ___________ for their policies.
- claims and losses
- damages and losses
- premiums and losses
- clauses and coverages
Option-3 Insurers use machine learning to predict premiums and losses for their policies.
Q-18- ________means any writing on the back of a policy which varies the terms of the contract.
- Addendum
- Endorsement
- Subscription policy
- Supplementary policy
Option-2 Endorsements means any writing on the back of a policy which varies the terms of the contract.
Q-19- ____________Provide coverage over and above that provided by the basic compulsory government plans. They are often used to increase limits and/or reduce deductibles. They may be issued by a government insurer or by private insurers.
- Addendum
- Endorsement
- Extension policy
- Subscription policy
Option-3 Extension Policies
Q-20- Before enter in dry dock for tanker repair, a ________ certificate is required
- Fitness
- Empty
- strength
- Gas-free
Option-4 Gas-free certificate is required for a tanker to enter in dry-dock for repair.
These Insurance GK questions are based on Machine learning, Captive insurance, insurance current affairs and in form of Insurance quiz and answers.