Insurance Tariff Regulations Quiz
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Questions and Answers

Which type of policy can be issued with permitted 'Add-on' covers?

  • Only Special Perils Policy
  • Only Standard Fire Policy
  • Only Standard Fire and Special Perils Policy (correct)
  • Both Standard Fire and Special Perils Policy

    • What should Policy(ies) covering Buildings and/or contents show?

  • Individual amounts for each item without blockwise separation
  • Combined amounts for all types of contents
  • Blockwise separate amounts on Building, Machinery, Stock, and Furniture (correct)
  • Only the total sum insured

    • As per the text, when can the Storm, Tempest, Flood, and Inundation perils be excluded from the policy?

  • At any time during the Policy period
  • At renewal of the Policy only
  • At the discretion of the Insured
  • At inception of the Policy only (correct)

    • What shall the general exclusions include when the Storm, Tempest, Flood, and Inundation perils are deleted from the scope of the policy?

    <p>These perils</p> Signup and view all the answers

    As per the text, what is permissible when excluding the Storm, Tempest, Flood, and Inundation perils from the policy?

    <p>Excluding the relevant perils from the entire property in one complex/compound/location</p> Signup and view all the answers

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