Will you please provide me the ICFAI University MBA General Insurance Personal and Commercial Exam Previous Years Question Paper???

Yes sure, here I am sharing the ICFAI University MBA General Insurance Personal and Commercial Exam Previous Years Question Paper:

15. Which one of the following is false with reference to loss prevention measures?
(a) Loss prevention measures tend to be profit-makers for the insurers
(b) Loss prevention measures are aimed primarily at reducing the insurance companies
losses
(c) Another effect of loss prevention is the leveling of risks
(d) Creating less homogeneous portfolios require less extensive reinsurance
arrangements
(e) Loss prevention promotes a true premium justice; good risks pay lower premium
and bad risks pay higher premium.

16. Which one of the following features of a warranty is false?
(a) It is an unconditional promise by the assured
(b) It need not relate to the material fact
(c) It can be withdrawn during the currency of the policy
(d) It must be adhered to exactly
(e) The assured cannot remedy a breach of warranty, as the fact of breach determines
the insurer’s liability.

ICFAI University MBA General Insurance Personal and Commercial Exam Previous Years Question Paper

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