CMFAS Personal General Insurance (PGI) Exam Free Trial Set Two
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Question 1 of 30
1. Question
How is the word “Property” defined in the law?
I. Tangible property
II. Intangible property
III. Real Property
IV. Personal PropertyCorrect
In law, the word “property” embraces both tangible and intangible property, and
may refer to either Real Property and/or Personal Property.Incorrect
In law, the word “property” embraces both tangible and intangible property, and
may refer to either Real Property and/or Personal Property. -
Question 2 of 30
2. Question
The property that one can touch comes under which of the following form:
Correct
Tangible property is something one can touch, e.g. a building.
Incorrect
Tangible property is something one can touch, e.g. a building.
-
Question 3 of 30
3. Question
Which of the following price serves as the basis for the replacement cost of the items under the contents section:
Correct
The replacement cost under Contents generally refers to the
purchase price of the items.Incorrect
The replacement cost under Contents generally refers to the
purchase price of the items. -
Question 4 of 30
4. Question
Which of the items have limited insurer’s liability as commonly specified in the policy:
Correct
Although valuables (e.g. jewellery, antiques, paintings, furs, etc.) are commonly
covered, the policy will specify that the insurer’s liability for such items is limitedIncorrect
Although valuables (e.g. jewellery, antiques, paintings, furs, etc.) are commonly
covered, the policy will specify that the insurer’s liability for such items is limited -
Question 5 of 30
5. Question
The industry-wide Motor Claims Framework (MCF) was initiated by GIA to:
Correct
The GIA initiated the industry-wide Motor Claims Framework (MCF) in
Singapore on 1 June 2008, to provide clear and common procedures for the
reporting of motor accidents.Incorrect
The GIA initiated the industry-wide Motor Claims Framework (MCF) in
Singapore on 1 June 2008, to provide clear and common procedures for the
reporting of motor accidents. -
Question 6 of 30
6. Question
Which of the following statements are TRUE for Motor Claims Framework (MCF):
I. The MCF provides motorists with an enhanced claims experience and helps contain claims costs for insurers
II. MCF requires to take pictures of the accident scene and submit all pictures to the motorist’s authorised accident reporting centre
III. Report and bring the accident car within a week to the approved reporting centre/authorised workshop
IV. MCF helps in filing claims against a third partyCorrect
The MCF provides motorists with an enhanced claims experience and helps
contain claims costs for insurers.
MCF requires to take pictures of the accident scene and submit all pictures to the motorist’s authorised accident reporting centre
MCF helps in filing claims against a third partyReport and bring the accident car (whether damaged or not) to the approved
reporting centre/authorised workshop within 24 hours or by the next working
day.Incorrect
The MCF provides motorists with an enhanced claims experience and helps
contain claims costs for insurers.
MCF requires to take pictures of the accident scene and submit all pictures to the motorist’s authorised accident reporting centre
MCF helps in filing claims against a third partyReport and bring the accident car (whether damaged or not) to the approved
reporting centre/authorised workshop within 24 hours or by the next working
day. -
Question 7 of 30
7. Question
Which of the following term defines the discount percentage given to policy holder each policy year where no claim is made against the Policy in the
preceding year:Correct
No Claim Discount (NCD) refers to the discount percentage given to you each policy year where no claim is made against the Policy in the
preceding year.Incorrect
No Claim Discount (NCD) refers to the discount percentage given to you each policy year where no claim is made against the Policy in the
preceding year. -
Question 8 of 30
8. Question
Which of the following are not eligible for daily transport allowance:
I. For the first working day of the repairs
II. For a windscreen claim
III. For a total loss claim
IV. When the repairs to the Insured Vehicle is delayed due to unavailability of replacement partsCorrect
However no daily transport allowance will be paid:
(a) for the first working day of the repairs
(b) for a windscreen claim
(c) for a total loss claim
(d) when the repairs to the Insured Vehicle is delayed due to unavailability of replacement parts.Incorrect
However no daily transport allowance will be paid:
(a) for the first working day of the repairs
(b) for a windscreen claim
(c) for a total loss claim
(d) when the repairs to the Insured Vehicle is delayed due to unavailability of replacement parts. -
Question 9 of 30
9. Question
Which of the following statement is TRUE related to the “Transfer of Policy”:
I. Policy is transferred to the new owner when the change in ownership occurs
II. New owner must purchase a new policy with the change in ownership
III. Former owner needs to cancel the policy when the change in ownership occurs
IV. No difference occurs to the policyCorrect
That means that once the ownership of a motor car has been changed, the former owner needs to cancel his policy, and the new owner must purchase a
new Private Motor Car Insurance policy.Incorrect
That means that once the ownership of a motor car has been changed, the former owner needs to cancel his policy, and the new owner must purchase a
new Private Motor Car Insurance policy. -
Question 10 of 30
10. Question
The condition “Payment before Cover Warranty” states that:
Correct
This condition requires the insured to pay the premium in full on or before the
effective date of insurance under the policy, renewal certificate, cover note,
and/or endorsement.Incorrect
This condition requires the insured to pay the premium in full on or before the
effective date of insurance under the policy, renewal certificate, cover note,
and/or endorsement. -
Question 11 of 30
11. Question
Driver Characteristics and car premium are related as:
I. The driver’s gender affects the premium rating
II. The occupation of the insured driver is of no concern to an underwriter
III. The excesses imposed by insurers do not always take driving experience into account
IV. Insurers are willing to accept Private Motor Car Insurance proposals that have poor claim historiesCorrect
Generally, insurers are concerned with drivers having a history of multiple motor accidents within a short period, and they are unwilling to accept Private Motor Car Insurance proposals that have poor claim histories.
The occupation of the insured driver is of concern to an underwriter.
Incorrect
Generally, insurers are concerned with drivers having a history of multiple motor accidents within a short period, and they are unwilling to accept Private Motor Car Insurance proposals that have poor claim histories.
The occupation of the insured driver is of concern to an underwriter.
-
Question 12 of 30
12. Question
Which of the following statements are TRUE for claims experience for Private Motor Car Insurance Policy:
I. Insurers are willing to accept Private Motor Car Insurance proposals that have poor claim histories
II. Insurers are unwilling to accept Private Motor Car Insurance proposals that have poor claim histories
III. Drivers with good driving records, they will be entitled to heavy premiums
IV. The “two-strike” rule states that insurers are likely to turn away any driver who has made two or more claims in the same period of insuranceCorrect
Generally, insurers are concerned with drivers having a history of multiple motor accidents within a short period, and they are unwilling to accept Private Motor Car Insurance proposals that have poor claim histories. Some insurers adopt a two strike” rule in that they are likely to turn away any driver who has made two or more claims in the same period of insurance.
For those drivers with good driving records, they will be entitled to discounts on premiums as incentives to encourage continued good driving records.Incorrect
Generally, insurers are concerned with drivers having a history of multiple motor accidents within a short period, and they are unwilling to accept Private Motor Car Insurance proposals that have poor claim histories. Some insurers adopt a two strike” rule in that they are likely to turn away any driver who has made two or more claims in the same period of insurance.
For those drivers with good driving records, they will be entitled to discounts on premiums as incentives to encourage continued good driving records. -
Question 13 of 30
13. Question
Which of the following section is named as the “Own Damage” section:
Correct
Section I – Insurance On The Motor Car: This section is generally termed the “Own Damage” section.
Incorrect
Section I – Insurance On The Motor Car: This section is generally termed the “Own Damage” section.
-
Question 14 of 30
14. Question
Which of the following are included in the “Insurance On The Motor Car” section:
I. Accidental Loss Of Or Damage To The Motor Car
II. Cost Of Removal After Accident
III. Expenses & Legal Costs For Defence
IV. Indemnity To The Insured While Driving Another Motor CarCorrect
Accidental Loss Of Or Damage To The Motor Car
Cost Of Removal After AccidentIncorrect
Accidental Loss Of Or Damage To The Motor Car
Cost Of Removal After Accident -
Question 15 of 30
15. Question
Which of the following is NOT TRUE related to the conditions in Private Motor Car Insurance policies:
Correct
Policy conditions are common for all forms of Private Motor Car Insurance policies. They deal with the conduct between the two parties (i.e. the insured
and the insurer) to the insurance contract.
The majority of these conditions are listed under their individual headings, but
sometimes may be found under the general heading of “CONDITIONS”.Incorrect
Policy conditions are common for all forms of Private Motor Car Insurance policies. They deal with the conduct between the two parties (i.e. the insured
and the insurer) to the insurance contract.
The majority of these conditions are listed under their individual headings, but
sometimes may be found under the general heading of “CONDITIONS”. -
Question 16 of 30
16. Question
“The insurers will not be bound by judgments not in the first instance delivered or obtained from a Court of Law within the Republic of Singapore or West
Malaysia.” comes under which of the following:Correct
Jurisdiction Clause
Incorrect
Jurisdiction Clause
-
Question 17 of 30
17. Question
Which of the following are the covered by Act Liability Only policy?
I. Insured’s liability arising from death or bodily injuries to third parties
II. Property damage to third parties
III. Bodily injuries to the driver
IV. Damage to the insured motor carCorrect
Under such a policy, the insurer agrees to indemnify the insured for his liability arising from using his motor car on the road. This policy covers only the insured’s liability arising from death or bodily injuries to third parties (including passengers). It does not cover property damage to third parties, nor does it cover bodily injuries to the driver or damage to the insured motor car.
Incorrect
Under such a policy, the insurer agrees to indemnify the insured for his liability arising from using his motor car on the road. This policy covers only the insured’s liability arising from death or bodily injuries to third parties (including passengers). It does not cover property damage to third parties, nor does it cover bodily injuries to the driver or damage to the insured motor car.
-
Question 18 of 30
18. Question
Which of the following is the type of insurance that is compulsory for the motor car owner to take up?
Correct
The type of insurance that is compulsory for the motor car owner to take up is the Act Liability Only policy.
Incorrect
The type of insurance that is compulsory for the motor car owner to take up is the Act Liability Only policy.
-
Question 19 of 30
19. Question
Which of the following is NOT included in the Motor Claim Form:
Correct
The motor claim form essentially contains questions on the:
▪ details of the policy (insured’s name, policy number, type of coverage, etc.);
▪ particulars of the driver at the time of the accident (name, driver licence,
contact details, etc.);
▪ material facts of the accident (date and time, place and occurrence of the
accident, etc.);
▪ damage to the insured motor car, third-party property and personal bodily
injuries sustained during the accident;
▪ particulars of the witnesses, if any; and
▪ photographs taken at the scene of the accidentIncorrect
The motor claim form essentially contains questions on the:
▪ details of the policy (insured’s name, policy number, type of coverage, etc.);
▪ particulars of the driver at the time of the accident (name, driver licence,
contact details, etc.);
▪ material facts of the accident (date and time, place and occurrence of the
accident, etc.);
▪ damage to the insured motor car, third-party property and personal bodily
injuries sustained during the accident;
▪ particulars of the witnesses, if any; and
▪ photographs taken at the scene of the accident -
Question 20 of 30
20. Question
Which of the following is NOT included in the four basic sections of Private Motor Car Insurance policy:
Correct
The four basic sections are:
▪ Section I – Insurance On The Motor Car;
▪ Section II – Liability To Third Parties;
▪ Section III – Medical Expenses; and
▪ Section IV – Personal Accident Benefits.Incorrect
The four basic sections are:
▪ Section I – Insurance On The Motor Car;
▪ Section II – Liability To Third Parties;
▪ Section III – Medical Expenses; and
▪ Section IV – Personal Accident Benefits. -
Question 21 of 30
21. Question
Which of the following disruptive events are covered in curtailment:
I. Death, severe injury or the illness suffered by him, or an immediate family member in Singapore
II. Death, severe injury or serious illness suffered by his travel companion in Singapore
III. Natural disaster
IV. The hijacking of the aircraft in which he is a passenger on boardCorrect
Sometimes, the insured person may have to curtail his trip and return home earlier than planned, such as owing to any of the following disrupting events:
▪ death, severe injury or serious illness suffered by him, his travel companion, or an immediate family member in Singapore;
▪ compulsory quarantine by any government or local authority, owing to any infectious disease suffered by him or his travel companion;
▪ hijacking of the aircraft in which he is a passenger on board; or
▪ natural disaster (such as earthquake, tsunami, typhoon and the like) or
sudden strike, riot or civil commotion outbreak at the planned destination;Incorrect
Sometimes, the insured person may have to curtail his trip and return home earlier than planned, such as owing to any of the following disrupting events:
▪ death, severe injury or serious illness suffered by him, his travel companion, or an immediate family member in Singapore;
▪ compulsory quarantine by any government or local authority, owing to any infectious disease suffered by him or his travel companion;
▪ hijacking of the aircraft in which he is a passenger on board; or
▪ natural disaster (such as earthquake, tsunami, typhoon and the like) or
sudden strike, riot or civil commotion outbreak at the planned destination; -
Question 22 of 30
22. Question
Which of the following will the insurer not refund if the trip is cancelled or postponed by the insured person?
I. Pre-paid accommodation costs
II. Travel agent’s cancellation fee
III. Deposits
IV. Insurance premiumCorrect
If any one of the above events happens, the insurer will refund the irrecoverable travel and/or accommodation costs that may have been pre-paid, including the travel agent’s cancellation fee. However, the insurer will not refund the deposit owing to cancellation, just because the insured person has a change of mind about undertaking the trip
Incorrect
If any one of the above events happens, the insurer will refund the irrecoverable travel and/or accommodation costs that may have been pre-paid, including the travel agent’s cancellation fee. However, the insurer will not refund the deposit owing to cancellation, just because the insured person has a change of mind about undertaking the trip
-
Question 23 of 30
23. Question
Emergency medical repatriation occurs when the decision is made by
I. Attending medical doctor
II. Insurer’s contracted specialist company
III. Insured person’s relatives
IV. InsurerCorrect
Emergency medical repatriation occurs when, because of an accident or illness abroad, the insured person requires repatriation to Singapore. The decision as to whether or not the insured person should be repatriated would strictly rest with the attending medical doctor or the insurer’s contracted specialist company.
Incorrect
Emergency medical repatriation occurs when, because of an accident or illness abroad, the insured person requires repatriation to Singapore. The decision as to whether or not the insured person should be repatriated would strictly rest with the attending medical doctor or the insurer’s contracted specialist company.
-
Question 24 of 30
24. Question
How does the medical examination of the insured satisfy the insrurer:
I. The alleged accident has caused the injuries
II. Such injuries are preventing the insured person from working
III. The injury is as described
IV. The injury is causing the disability sustainedCorrect
If the insurer decides to arrange a medical examination (at its own expense), it enables the insurer to be satisfied that:
▪ the alleged accident has caused the injuries; and
▪ such injuries are preventing the insured person from working; or
▪ the injury is as described and is causing the disability sustained.Incorrect
If the insurer decides to arrange a medical examination (at its own expense), it enables the insurer to be satisfied that:
▪ the alleged accident has caused the injuries; and
▪ such injuries are preventing the insured person from working; or
▪ the injury is as described and is causing the disability sustained. -
Question 25 of 30
25. Question
How does the risk is changed under the PA insurance policy:
I. Change in occupation affects the risk
II. Change in habits affect the risk
III. Change in the address of the insured affects the risk
IV. Weather conditions affect the riskCorrect
Any change in the occupation of the insured has a bearing on the risk, particularly as the premium is determined mainly according to his occupation.
Hence, there will usually be a condition stating that the insured will give the insurer written notice of any change of occupation. This enables the insurer to re-underwrite, if appropriate, to consider continuation of the insurance, the rate of premium, and any conditions that may be applied.
Also, it may be common for insurers to further specify that any changes in “habits, pursuits or of any disease, injury or physical defect or infirmity” be reported to the insurer, as such factors may influence the risk insured, thus requiring a review of the premium payable by the insured.Incorrect
Any change in the occupation of the insured has a bearing on the risk, particularly as the premium is determined mainly according to his occupation.
Hence, there will usually be a condition stating that the insured will give the insurer written notice of any change of occupation. This enables the insurer to re-underwrite, if appropriate, to consider continuation of the insurance, the rate of premium, and any conditions that may be applied.
Also, it may be common for insurers to further specify that any changes in “habits, pursuits or of any disease, injury or physical defect or infirmity” be reported to the insurer, as such factors may influence the risk insured, thus requiring a review of the premium payable by the insured. -
Question 26 of 30
26. Question
In the case of death or permanent disablement, a double indemnity benefit pays which of the following benefit, if the accident occurs while the insured person is riding as a fare-paying passenger:
Correct
A Double Indemnity benefit, which is also commonly included under the standard cover, pays twice the benefit for death or permanent disablement if the accident occurs while the insured person is riding as a fare-paying passenger in a common carrier, public conveyance or public transport, such as bus, ferry, hovercraft, hydrofoil, ship, train, tram, or underground train.
Incorrect
A Double Indemnity benefit, which is also commonly included under the standard cover, pays twice the benefit for death or permanent disablement if the accident occurs while the insured person is riding as a fare-paying passenger in a common carrier, public conveyance or public transport, such as bus, ferry, hovercraft, hydrofoil, ship, train, tram, or underground train.
-
Question 27 of 30
27. Question
For the purpose of premium classification, how the map is divided by the insurers:
Correct
For the purpose of premium classification, insurers usually divide the world map into different geographical regions/zones. Three common classifications are ASEAN, Asia, or Worldwide.
Incorrect
For the purpose of premium classification, insurers usually divide the world map into different geographical regions/zones. Three common classifications are ASEAN, Asia, or Worldwide.
-
Question 28 of 30
28. Question
Which of the following provides a financial protection and financial burden relief to the insured against the risk of accidental death or bodily injury happening to him:
Correct
The purpose of Personal Accident (PA) Insurance is to provide financial protection and financial burden relief to the insured against the risk of accidental death or bodily injury happening to him
Incorrect
The purpose of Personal Accident (PA) Insurance is to provide financial protection and financial burden relief to the insured against the risk of accidental death or bodily injury happening to him
-
Question 29 of 30
29. Question
Personal Accident Insurance benefits:
I. The policy pays a monetary sum to his beneficiary in the event of the insured’s accidental death
II. It also serves to mitigate the potential loss of income
III. It also covers additional expenses incurred if he is disabled and unable to attend to his usual occupation or work
IV. It also covers his building and contents expensesCorrect
In the event of the insured’s accidental death, this policy will pay a monetary sum to his beneficiary. It also serves to mitigate potential loss of income and to cover additional expenses incurred if he is disabled and unable to attend to his usual occupation or work.
Incorrect
In the event of the insured’s accidental death, this policy will pay a monetary sum to his beneficiary. It also serves to mitigate potential loss of income and to cover additional expenses incurred if he is disabled and unable to attend to his usual occupation or work.
-
Question 30 of 30
30. Question
Which of the following statements are TRUE related to the Claim Procedures of the PA insurance policy:
I. The insured must provide the insurer with a claim notification within a certain period
II. The insured is required to furnish information etc in the form as required at the insurer’s expense
III. The claim form is normally filled by the insurer according to the information provided by insured
IV. The insurer issues a printed claim form so drafted as to elicit the information that is normally requiredCorrect
The insured must provide the insurer with a claim notification within a certain period, usually 30 days, although market practice may vary.
The insured (or the legal personal representative), at his own expense, is required to furnish certificates, information, and evidence in the form as required by the insurer. In practice, the insurer issues a printed claim form (which may be downloaded from the insurer’s website), so drafted as to elicit the information that is normally required. This must be completed by the insured himselfIncorrect
The insured must provide the insurer with a claim notification within a certain period, usually 30 days, although market practice may vary.
The insured (or the legal personal representative), at his own expense, is required to furnish certificates, information, and evidence in the form as required by the insurer. In practice, the insurer issues a printed claim form (which may be downloaded from the insurer’s website), so drafted as to elicit the information that is normally required. This must be completed by the insured himself
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