ars 2011 ator wast & fer eer S-06 October, 2011 wee aot EXAMINATION FOR INSURANCE SURVEYORS Res: No. MOTOR INSURANCE O1 [WaT 34] [ Fa FH : 100 ] [ Time : 3 Hours | [ Total Marks : 100] frat ora weit sae Atay | Taster 16 swt fag ae trad TATE srr aM act me 12 ste HS Answer EIGHT questions only. Question number TEN carries 16 marks but this is not compulsory. All other questions carry 12 marks each, Marks m1 fae ata a aaa 8? feet eS ae weer 4 © tex ae F terre fears a) fafa site fate are & ares, fetta ara a a) ardsite Sar ater! 2 terra Q.1 Whatis your understanding of the following (Answer any three) 4each a) Insurable Interest in Motor Insurance b) Miscellaneous and special types of Vehicles-Name any five ©) Public service vehicle 4) Certificate of Insurance W2 Bra er RS fet da we afens ate fers ae 4 Oo adtr re ahr at arawrerat WH wuettat sass fess otter th) faarat ERT S) teem atte Freer are Q.2 Write Short Notes on any three of the following : 4each a) Necessity for third Party Insurance b) Appeals against MACT awards ©) Arbitration Clause 4) Protection and Removal Costs '30-0ct:2011 / Moming / Normal / 999 HO / Sub - $6 / Qty -40./3 22187m3 m4 mS pra Pera a fat de & ate she ae at © Sbhfeer sarar site site Safer ah) Waeraes si ea ae a) saan sit sifafter fife S) wetdtane sit yer ere & fae eet 3. Differentiate between any three of the following a) Geographical Area and Geographical zone b) Contract Carriage and Stage Carriage ©) Accessoriesand Extra fitting 4) Deductibles and deduction for Depreciation PUT PTS fret a aT TAT a DFTs eee wea et fee oe TEESE Ulta we Ser ATERt WATT at) armen cera aiee sar eras & Shee fats et oat ola SA a HTT are ) pam aaeR Hart ae APT 4 TH a Bet ST TET S| Gh) Aec arer safest tose, vite ed gen age wt Sera ar aT ae ee Plat & aqme Ge diet waist & aor” ar ea STI |. Answerany two of the following a) Doyouagree that, "TAC isemerging as DATA Depository?” b) Whats the reason forallowing various discounts while underwriting Motor Insurance? Explain with minimum 4 discounts in use. ©) Justify the "Duty of Insurets to satisfy Judgements" explaining the relevant provisions of Motor Vehicles Act 1988, Policy Conditions and the Chances of recovery. Hr fret at aT TAS | WD tee ada ce cet Hora & amie & aaa B sae aaa fat atl Mh) Aree tars ieret & fee draw ‘ts sits weet’ wa ah) Alex ater seve & fee ‘ong St at sear at fart site waft ar STET BE | 30-Oct-2011 / Moming / Normal /999 HO / Sub Term 4 each TER 6 Geach Tae 6 -$6/ Qty -40/3 122187QS. Reply any two of the following Geach m6 Q6. m7 Q7. m8. Q8. a) Summarise defences available to allegation of negligence, in motor TP. claims. b) Devise two new'Add on Covers’ for motor package policy ©) _ Assess the strength and weakness of the concept of IDV for motor insurance purpose? per rer RS fart Tw TRS wee 6 Dre feet artintseren ares & aor Seas Se fee we Mea ITT ae HT fared anh ot art Gat & Tees ar ot Shins H sera TT | a) peer “gata vg creat F eras” & serecatt ar fave at eT ae wat fem gaa Sat aT ST TTA? a) prensa fee en “Tet A. YS” se TeNAT A aT TET a? Answer any two of the following 6 each a) Compose a Proposal form for Commercial Vehicle underwriting explaining briefly, the importance of information required. b) Analyse the instances of "Frauds in TP Claims" and how to avoid them. ©) Debate whether the Motor TP pool has achieved its objectives. BUT Tre Se Seat a ere era Fame ST are HA BT Hohe aT TET 12 a wre fara wat ae Categorise the Covers that may be provided for risks of Motor Trade and discuss their 12 scope. pre get er ey aret & fer Bar efeaghe a wee St aT Ses EE, TATE 12 sie fam gfe ar ra wt fever STAT a? Ey ine why damages are to be paid illustrating the types of damages payable 12 for Injury and Death Claims. 30-0c6:2011 J Moming / Normal / 989 HO J Sub -86/ Oty -40 13 12218739 Bre an ae ae Sa’ Vr sraeTCOT aT TeeRE HT eT ae fer “AE BPE TET Sarat Be ret ferertt eaferghe apr epee fare sar 27 Q.9. Explain the conceptof "Liability without Fault” How Much compensation is paid for liability without fault claims? T10 Tee Het are aTeT Sit ATF 2008 7 Fate aT! 12, 50, 000 a fare afin fara en, arrrearter 3 pata Her 21 srr ST ae arrest ST ‘Frenrert & fer saferters sitter ar eras ferer er, are we TST uftaes at aaa cant OTH ae Gee fant ait UH ga a cH eT aT, eT aT ay enfa eS ath. eT aes I ST SHC FETT, w xa 3 4 FRRTT AE (AAR) Fee Wit start Tae renee Toit ar TT term Fe cree oat TT FR ae Ht TTT arrears Sr rat fara Te aes TTT sara anfirert tee sft rst acaet Pry at Te aT ES IT fea ‘fet va cat taps cited a arria crenata Saw a rT aT 30-041.2011 J Moming / Normal / 995 HO / Sub ~ 86 / Qty -40 3.122187 e 32,000/- 28,000/- 12,000/~ 4,000/~ 10,000/~ 4,200/- 5,000/- 1,500/- aw 21,000/- 12 at 16 3mQ.10 A Goods carrying Vehicle make March 2008 is insured for Rs. 12,50,000/-. 16 The insured had paid additional premium for deletion of exclusion under Endt. No. 21. Vehicle hit with a State Transport Bus and rammed into roadside tree resulting in damage to Bus and suffered own damage as assessed under: i Repair Charges (Labour) 32,000.00 i Costof Metal Parts 28,000.00 ii Cost of Rubber /Plastie Parts 12,000.00 Wv Painting Charges 4,000.00 Vv Cost ofNew tyres 10,000.00 Wi Cost of New Bumper 4,200.00 vi Towing Charges paid by Insured 5,000.00 Vii Compulsory Excess 1,500.00 Voluntary Excess Nil xX _ TPelaim by State Transport Corporation forDamageto Bus. 21,000.00 Calculate the liability of Insurers under package poliey. 30-Oct-2011 Moming / Normal / 989 HO / Sub ~ 86 /Qly 40/3 122187