4 5 efor S-01 : aren after & feaia ait crane wa wear ait et Prater EXAMINATION FOR INSURANCE SURVEYORS PRINCIPLES AND PRACTICE OF GENERAL INSURANCE AND SURVEY AND LOSS ASSESSMENT : wa 3 He] feet aim: 100 Time: 3 Hours] [Total Marks': 100 ‘ferdi ate west & arr difire | gan we & 16 gies Fag aE arene et dre wet ust & fore wets 12 sie F Answer eight Questions only. Question one carries 16 Marks but this is not compulsory. All other questions carry 12 marks each. 1 &) catty & Rrerea orea Are } 4 2 Fepearea Preafeaftse ore a ary fever ae 2? (wets 3 4 siz) i) Rev arr ii) ada art dar iii) Safeara stern stat 1. a) Explain the principle of indemnity . 4 b) How is the principle applied in :- 4each i) - Motor insurance ii) Marine cargo insurance iii) Personal accident insurance? , 2, “ate dferand yer weura & feeart or arenes at @- 12 Sar Hert Hl SIRS SST) Marks 2. “Insurance contracts are based on the principle of utmost good faith” 12. Elaborate the statement. 3. referee 5 ete Foe HR eT a7 "(wR a 4 si) a) ata aia @) soe anit dar a) eafara qdear art2 S-01 How does insurable interest arise in :- 4each a) Fire insurance b) Marine cargo insurance ¢) Personal accident insurance? feet enh ar afe Sarat 3 dtoreal & aifea an Prefer ea a ere savas 12 grad wer staat 8 8? aeee ; What are the basic facts that need to be ascertained in order to establish 12 insurer's liability for loss or damage? fooeh wear a @ ats ah fever & for we aed Stereeal SB eer ah 12 ‘aia aaa fra acer 8? What are the attributes in a surveyor that every insurer looks for while 12 awarding survey assignments? “Reet aiferet & stevia 2a eafy ofr tener gra sare arate a2 art wah | Sa ert of aA or a Ca ahs a ae er weer fora ae 27 “The amount of loss payable under a policy may be less than the actual 12. loss suffered by the insured.” What are the factors considered by asurveyor to arrive at the amount of loss payable? (wrt % 4 sie) Sag a Se fare 3 frites Bq at-ata 8 saws are ma 87 ®) Rend ce-tara var arg om a wal ails Rawett Sort @) weet a aise 71) Saree afer ‘What are the provisions made in the IRDA regulations in regards to: 4 each a) Maintenance of records and submission of annual statement to IRDA. b) Categorization of surveyors ©) Practical training ? 95S-01 8. Preaferftad ar arat re afar :- (wets & 4 sie) 3) yaa yaaots sear @) aftoraa we fated of ) faae sited we arava sitea/atten aft 8. Distinguish between :- : 4each a) Void and Voidable contract b) Express and implied conditions c) Particular Average and General Average. 9, sites ak ik Site Gat a saree afer sree STE SHEE 12 9. Distinguish between, with examples, physical hazards and moral hazards. 12 lo. tar sfercreit & other F arefeat & sera we wearer srfere 12 10. Discuss the importance of warranties in insurance contracts. 12