IRDAI Surveyor Miscellaneous (S-07) Practice Questions - IRDAI Surveyor & Loss Assessor Exam - Miscellaneous (III S-07 IC-78) Exam - IRDAI Surveyor Miscellaneous (S-07) Practice Questions - IRDAI Surveyor & Loss Assessor Exam

Question 1

Under a standard Burglary and Housebreaking policy in India, which of the following events is covered by default?

Theft committed by a domestic employee of the insured without force Theft following entry into the premises by using a duplicate key Theft accompanied by actual forcible and violent entry into the premises Theft of cash from a safe using keys left on the counter

Correct Answer:

Theft accompanied by actual forcible and violent entry into the premises

Question 2

Under a standard Money-in-Transit insurance policy, what is the defined scope of the transit period?

From the time money is withdrawn from the bank until it is deposited in the office safe From the time money leaves the premises of dispatch until it is delivered at the destination During normal business hours of the bank and the insured's offices only From the time the transit vehicle is loaded until it returns to the office garage

Correct Answer:

From the time money leaves the premises of dispatch until it is delivered at the destination

Question 3

Which of the following losses is typically covered under a standard Fidelity Guarantee insurance policy?

Direct financial loss caused by fraudulent or dishonest acts of employees Indirect loss of profits due to employee negligence or lack of skill Loss of physical assets caused by third-party intruders during business hours Financial loss arising from market fluctuation and bad business decisions

Correct Answer:

Direct financial loss caused by fraudulent or dishonest acts of employees

Question 4

How does a 'claims-made' liability policy differ from an 'occurrence-based' liability policy?

Claims-made requires the claim to be filed within the policy period regardless of when the event happened Claims-made only covers events that occur and are reported during the active policy period Occurrence-based covers claims made after the policy expires as long as the event occurred during the policy period Claims-made policies do not allow retroactive dates for any past business activities

Correct Answer:

Occurrence-based covers claims made after the policy expires as long as the event occurred during the policy period

Question 5

Under a standard Personal Accident (PA) policy, what is the default payment for Permanent Total Disablement (PTD)?

A weekly benefit of fifty percent of the sum insured for up to two years One hundred percent of the capital sum insured stated in the policy schedule Seventy-five percent of the sum insured plus reimbursement of medical expenses A lump sum equal to fifty times the weekly salary of the insured employee

Correct Answer:

One hundred percent of the capital sum insured stated in the policy schedule

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About this Exam

Prepare with the IRDAI Surveyor Miscellaneous (S-07) Practice Questions - IRDAI Surveyor & Loss Assessor Exam - Miscellaneous (III S-07 IC-78) Exam practice quiz. This question bank includes 100 questions covering policy, standard, surveyor, claim, and liability. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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IRDAI Surveyor Miscellaneous (S-07) Practice Questions - IRDAI Surveyor & Loss Assessor Exam - Miscellaneous (III S-07 IC-78) Exam

This practice set contains 100 questions from the matching question bank and focuses on policy, standard, surveyor, claim, and liability. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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IRDAI Surveyor Miscellaneous (S-07) Practice Questions - IRDAI Surveyor & Loss Assessor Exam - Miscellaneous (III S-07 IC-78) Exam

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