Insurance Questions Daily-31

Q-11- Marine Hull insurance covers the loss or damage to a ship’s __________.

  1. Hull
  2. Machinery
  3. Both of above
  4. 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_____________.

  1. 4000 MT Gross Tonnage
  2. 5000 MT Gross Tonnage
  3. 6000 MT Gross Tonnage
  4. 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

  1. Inland Association of Classification Societies (IACS)
  2. Indian Association for the Cultivation Of Science (IACS)
  3. Inter water Association of Classification Societies (IACS)
  4. 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).

  1. DNV
  2. Bureau Veritas
  3. Indian Register of Shipping
  4. 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)?

  1. 10
  2. 11
  3. 12
  4. 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.

  1. chatbots
  2. Deep learning
  3. Claim analysis
  4. 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.

  1. claims and losses
  2. damages and losses
  3. premiums and losses
  4. 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.

  1. Addendum
  2. Endorsement
  3. Subscription policy
  4. 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.

  1. Addendum
  2. Endorsement
  3. Extension policy
  4. Subscription policy

Option-3 Extension Policies

Q-20- Before enter in dry dock for tanker repair, a ________ certificate is required

  1. Fitness
  2. Empty
  3. strength
  4. 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.

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