BIA Non-Life Insurance Diploma Practice Questions - Bangladesh Insurance Academy Diploma in Non-Life Insurance Exam - BIA Non-Life Insurance Diploma Practice Questions - Bangladesh Insurance Academy Diploma in Non-Life Insurance Exam

Question 1

Under general contract principles and the Contract Act 1872 in Bangladesh, when must insurable interest exist in a property (non-life) insurance policy (excluding marine cargo) for a claim to be enforceable?

Only at the time the policy is initially written Only at the time the loss occurs Both at the time of policy inception and at the time of loss Insurable interest is not required if the premium has been fully accepted by the insurer

Correct Answer:

Both at the time of policy inception and at the time of loss

Question 2

Which of the following describes the principle of 'Utmost Good Faith' (Uberrimae Fidei) as applied to non-life insurance in Bangladesh?

A rule that requires the insurer to pay the claim regardless of the policy exclusions if the insured acted in good faith A mutual duty of both the insurer and the insured to disclose all material facts before the contract is finalized A condition that permits the insured to change the terms of the policy unilaterally after paying the premium A statutory protection that prevents the insurer from questioning the valuation of the property after a claim is lodged

Correct Answer:

A mutual duty of both the insurer and the insured to disclose all material facts before the contract is finalized

Question 3

Under the principle of subrogation, at what point does a non-life insurer in Bangladesh acquire the legal right to sue a third party responsible for the loss in the name of the insured?

As soon as the insured reports the loss to the insurer Immediately upon the issuance of the insurance policy Only after the insurer has fully indemnified the insured for the loss Once the insurer files a dispute with the IDRA Arbitration Committee

Correct Answer:

Only after the insurer has fully indemnified the insured for the loss

Question 4

If an insured has double insurance (policies from two different insurers covering the same risk) and suffers a loss, how is the claim settled under the principle of contribution in Bangladesh?

The insured can recover the full loss amount from both insurers, receiving double indemnity Each insurer is liable to pay a rateable proportion of the loss based on their respective sums insured The policy that was purchased first must pay the entire claim, and the second policy is automatically cancelled The insurers are exempt from payment, and the claim must be filed with Sadharan Bima Corporation

Correct Answer:

Each insurer is liable to pay a rateable proportion of the loss based on their respective sums insured

Question 5

How is 'Proximate Cause' (Causa Proxima) defined and applied in determining liability for a general insurance claim in Bangladesh?

The cause that is nearest in time to the occurrence of the loss The most dominant, active, and efficient cause that sets in motion a chain of events leading to the loss The cause that is designated as primary by the police report or fire brigade assessment The cause that the insured chooses to declare on the official claim form

Correct Answer:

The most dominant, active, and efficient cause that sets in motion a chain of events leading to the loss

Question 1

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Prepare with the BIA Non-Life Insurance Diploma Practice Questions - Bangladesh Insurance Academy Diploma in Non-Life Insurance Exam practice quiz. This question bank includes 100 questions covering bangladesh, insurance, policy, marine, and cargo. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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BIA Non-Life Insurance Diploma Practice Questions - Bangladesh Insurance Academy Diploma in Non-Life Insurance Exam

This practice set contains 100 questions from the matching question bank and focuses on bangladesh, insurance, policy, marine, and cargo. 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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BIA Non-Life Insurance Diploma Practice Questions - Bangladesh Insurance Academy Diploma in Non-Life Insurance Exam

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