jaiswal teckchandani fire&engg

8/11/2019 Jaiswal Teckchandani Fire&Engg

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Fire & Engineering

B. Sampath KumarH.L. Teckchandani

Dr. S.C. Mukherjee

Ms. Nirmala RavishankarR.C. Jaisal

!. The essentials "# $ire are

a% $uel & '()*en

+% $uel & C', & -*niti"n

c% $uel Nitr"*en & Spark

d) Fuel, Oxygen & Source of ignition

,. / tin) sect"r industr) is "ne havin*

a% S- 0pt" Rs.1 lacb) SI upto Rs.10 lacsc% S- upt" Rs.12 lacsd% S- upt" Rs.! Cr"re

3. Declarati"n 4"lic) has minimum S.-. "#a% Rs.1 cr"res

+% Rs.!2 cr"res

c) Rs.1 crore

d% Rs.2.12 cr"re

5. Declarati"n 4"lic) can +e issueda% $"r sh"rt peri"d+% St"cks under*"in* pr"cess

c% St"cks in Rl) Slidin*s

d) Fluctuation in stock

1. Minimum S- #"r #l"ater declarati"n p"lic)

a% Rs.1 Cr"res

+% Rs.!2 Cr"resc% Rs.!1 Cr"res

d) Rs. !rores

6. L"n* Term 4"licies $ire can +e issued

a% 'nl) #"r sh"ps

b) Only for d"elling

c% 'nl) #"r manu#acturin* risk

d% 'nl) #"r st"ra*e *"d"ns


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7. C"8-nsurance in $ire 4"licies pertain t"

a% S.-. distri+uted "ver n". "# l"cati"ns

b) #olicy s$ared a%ongst arious insurers

c% D"u+le insurance

d% -nsured 'ptin* #"r an hi*her e(cess

9. $:/ Disc"unt applica+le #"r H"use /ppliance & H)drant s)stem

a% !2;+% 7.1

c% !1;

d) 5%

. Reinstatement value p"lic) can +e *iven t"

a% St"cks

b) 'ldg. , #lant & (ac$inery

c% St"ck in 4r"cessd% /ll the a+"ve

!2. ?hich "# the #"ll"in* statements is inc"rrect under $ire 4"lic) under a*reed

+ank clause

a) (aterial c$ange in risk does not effect t$e interest of t$e 'anker

+% @alued 4"licies can +e issued h"se mkt. @alue cann"t +e ascertained

c% -n multiple "ccupanc) +uildin* per se ratin*s is permitted

d% -nsura+le interest d"es n"t aut"maticall) pass "n t" the le*al heir

!!. Reinstatement value p"licies are characteriAed +)

a) $e deiation fro% t$e principle of inde%nity

+% Reinstatement ritten si( m"nths "# the lessc% 0-nsurance +ased "n Market value

d% /ppl)in* the avera*e clause "n the date "# l"ss

!,. :(8*ratia settlement in #ire p"licies are

a% 0nder -nsurance

b) *oss outside t$e a%bit of t$e policy

c% C"ntri+uti"nd% Su+r"*ati"n

!3. 4"lic) "rdin* a#ter 2!2!,227 cann"t +e altered earlier thana% 32.26.,227

+% 32.2>.,227

c) 01.0+.00

d% 3!.!,.,227


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!5. 4r"ject 4"licies are

a) -ll risk

+% Named 4erils

c% C"nseuential L"ss

d% /*reed @alue

!1. $ire Business is 0? "n the +asis "#

a% L"n* Tail lia+ilit)+% L"ss Reserve

c% 4r"#it Mar*in

d) #robable (axi%u% *oss

!6. 4ercenta*e "# "+li*at"r) cessi"n t" -C is

a% 32

+% ,2

c) 1d% !2

!7. C4M is

a% C"vera*e all risk p"lic) ith inclusi"n "# Breakd"n

b) -ll risk policy "it$ exclusion of breakdo"n

c% Sel# pr"pelled machineries "n 4u+lic 4rivate R"ad

d% N"ne "# the a+"ve

!9. $':S is an e(tensi"n underEa% C4M

+% C/R

c) /OS

d% MB'

!>. Silent Risks means m"re than 32 da)s undera% N" Risk

b) o %anufacturing actiity including storage

c% N" manu#acturin* activit) e(cludin* st"ra*e

d% /nnual "ver handlin* "# machines plants

,2. DS0 stands #"r

a) /elay in start up insurance

+% Derivatives st"ck units

c% Dead st"ck under insurance

d% Diluted st"ck undertakin*


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,!. / machine "rth Rs.522228 insured #"r Rs.322228 under $ire 4"lic). -t as

dama*ed due t" #ire and the am"unt assessed in Rs.!62228 The claim pa)a+le isEa% Rs.322228

b) Rs.1,0002

c% Rs.!62228d% Rs.522228

,,. Material dama*e pr"vis" under the C"nseuential L"ss F$ire -nsurance% meansE

a) clai%s ad%issible under Standard Fire and Special #erils #olicy

+% 'ccurrence "# the l"ss

c% L"ss disc"vered durin* st"ck takin*

d% L"ss "# *""dill


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Bullet Questions:

!. / 4u+lic Sect"r Cust"mer in past )ears has *"t his Buildin* R"ads & $lats

c"verd the risks at +""k value. N" the desires t" c"ver "n adeuate value.4lease ela+"rate the applicati"n and c"ncept "# R-@ insurance in #ire.

,. 'pen market & ec"n"m) is a +uAA "rd. Kindl) discuss in terms "# detari##in* "##ire & en*ineerin* -nsurance in c"rrelati"n t" the re#"rms pr"cess in "ur present

ec"n"m).


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jaiswal teckchandani fire&engg

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