IC38 GENERAL INSURANCE AGENT EXAM - Study Notes

Page 52 Of 68

Go to:

  • Public Liability Policy (Industrial / Non-industrial Risks) - covers liability arising out of fault / negligence of the insured causing third party personal injury or property destruction [TPPI OR TPPD]
  • Product liability policies cover liability of the insured related to defect in the product causing death, bodily injury or illness or even damage to the property of third parties.
  • Professional indemnities are designed to provide insurance protection to professional people against their legal liability to pay damages arising out of negligence in the performance of their professional duties.
  • Motor own damage claim is assessed on the basis of surveyors report.It may require police report if third party damage is involved
  • Standard claims - which are clearly within the terms and conditions of the policy.

IC38 General Insurance

Copyright 2025 - MODELEXAM MODELEXAM®