CMFAS Personal General Insurance (PGI) Exam Free Trial
Let us do all the heavy works so that you can study efficiently.
Quiz-summary
0 of 20 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
Information
CMFAS Module PGI Free Preview
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 20 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Categories
- Not categorized 0%
-
Congratulations! You have completed the first free practice question
Enter your email below to start the next free practice questions immediately
Or
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- Answered
- Review
-
Question 1 of 20
1. Question
Which of the following is a compulsory insurance scheme for every HDB homeowner with a mortgage loan taken after 1 September 1994:
Correct
A notable policy covering buildings is the “HDB Fire Insurance Scheme”. This is a compulsory insurance scheme for every HDB homeowner with a mortgage loan taken after 1 September 1994.
Incorrect
A notable policy covering buildings is the “HDB Fire Insurance Scheme”. This is a compulsory insurance scheme for every HDB homeowner with a mortgage loan taken after 1 September 1994.
-
Question 2 of 20
2. Question
Which of the following policy covers owner’s household contents, usually with other supplementary covers (such as personal liability and personal accident):
Correct
This covers only the owner’s household contents, usually with other supplementary covers (such as personal liability and personal accident), to make it
more attractive to buyers.Incorrect
This covers only the owner’s household contents, usually with other supplementary covers (such as personal liability and personal accident), to make it
more attractive to buyers. -
Question 3 of 20
3. Question
Packaged Household Insurance for buildings provides the cover for which of the following:
I. Fire, Lightning, Thunderbolt Or Subterranean Fire
II. Damage caused by earthquake, volcanic eruption etc
III. The burning of property through the order of any public authority
IV. Malicious act by any of the insured’s family membersCorrect
Packaged Household Insurance for buildings provide the cover for which of the following:
I. Fire, Lightning, Thunderbolt Or Subterranean Fire
II. Damage caused by earthquake, volcanic eruption etcIncorrect
Packaged Household Insurance for buildings provide the cover for which of the following:
I. Fire, Lightning, Thunderbolt Or Subterranean Fire
II. Damage caused by earthquake, volcanic eruption etc -
Question 4 of 20
4. Question
Which of the following is NOT a consequence if the motorist fails to report an accident to his insurer within the stipulated period:
Correct
His insurer may repudiate liability because the insured has breached the policy condition to report an accident
His No Claims Discount will be reduced upon the renewal of his policy
His insurer may cancel or decline renewal of his policy if he blatantly ignores the insurer’s requests to file an accident reportIncorrect
His insurer may repudiate liability because the insured has breached the policy condition to report an accident
His No Claims Discount will be reduced upon the renewal of his policy
His insurer may cancel or decline renewal of his policy if he blatantly ignores the insurer’s requests to file an accident report -
Question 5 of 20
5. Question
Which of the following body serves the purpose to compensate people injured in road accidents caused by negligent untraced or uninsured motorists:
Correct
Motor Insurers’ Bureau Of Singapore (MIB): Its main purpose is to compensate people injured in road accidents caused by negligent untraced or uninsured motorists.
Incorrect
Motor Insurers’ Bureau Of Singapore (MIB): Its main purpose is to compensate people injured in road accidents caused by negligent untraced or uninsured motorists.
-
Question 6 of 20
6. Question
When does the claim fall within the FIDReC-NIMA Scheme:
It is a motor accident claim above S$3,000
There is no bodily injury
The claim is a third-party claim
The motor accident involves the foreign vehicleCorrect
There is no bodily injury
The claim is a third-party claimIncorrect
There is no bodily injury
The claim is a third-party claim -
Question 7 of 20
7. Question
WHich of the following serves a reference to the guidelines that the courts use to assess liability in different scenarios commonly encountered in road traffic accidents:
Correct
Motor Accident Guide” (MAG) in 2014, which serves a reference to the guidelines that the courts use to assess liability in different scenarios commonly encountered in road traffic accidents.
Incorrect
Motor Accident Guide” (MAG) in 2014, which serves a reference to the guidelines that the courts use to assess liability in different scenarios commonly encountered in road traffic accidents.
-
Question 8 of 20
8. Question
Under the Motor Vehicles Act, which of the following requirements should be met:
I. The policy must be taken up with an approved insurer in Singapore
II. Certificate of Insurance must be obtained from the insurer
III. Driver must produce a valid Certificate of Insurance when required by the Police
IV. The insured may not need to have a driving certificateCorrect
In accordance with the Act:
(a) the policy must be taken up with an approved insurer in Singapore, and
(b) a Certificate of Insurance must be obtained from the insurer, otherwise
the insurance policy purchased shall be of no effect.
It is also a statutory requirement that the driver must produce a valid Certificate
of Insurance at any time, as and when required by the police.
The insured, including any named driver or authorised driver, must have a valid
licence to drive a motor car in Singapore. In addition, he must not be under
suspension or disqualified from driving under the Road Traffic Act (Cap. 276).Incorrect
In accordance with the Act:
(a) the policy must be taken up with an approved insurer in Singapore, and
(b) a Certificate of Insurance must be obtained from the insurer, otherwise
the insurance policy purchased shall be of no effect.
It is also a statutory requirement that the driver must produce a valid Certificate
of Insurance at any time, as and when required by the police.
The insured, including any named driver or authorised driver, must have a valid
licence to drive a motor car in Singapore. In addition, he must not be under
suspension or disqualified from driving under the Road Traffic Act (Cap. 276). -
Question 9 of 20
9. Question
Insurers under the insurance on the motor vehicle are not liable to pay for which of the following:
I. Daily transport allowance
II. Depreciation
III. Broken windscreen or window glass
IV. Failures or breakages of the Insured VehicleCorrect
We will not pay for:
(i) daily transport allowance or any losses due to unavailability of Accessories and/or parts
(ii) depreciation, wear and tear, mechanical or electrical breakdowns, failures or breakages of the Insured Vehicle
(iii) damage to tyres unless the Insured Vehicle suffers other damage at the same time
(iv) Excess and Additional Excess inclusive of GST if applicableIncorrect
We will not pay for:
(i) daily transport allowance or any losses due to unavailability of Accessories and/or parts
(ii) depreciation, wear and tear, mechanical or electrical breakdowns, failures or breakages of the Insured Vehicle
(iii) damage to tyres unless the Insured Vehicle suffers other damage at the same time
(iv) Excess and Additional Excess inclusive of GST if applicable -
Question 10 of 20
10. Question
While the limit of indemnity is unlimited for liability under death or bodily injury, it is common for an insurer to place a limit in respect of the claim arising from damage to third-party property:
Correct
While the limit of indemnity is unlimited for liability under death or bodily injury (as required under the Act), it is common for an insurer to place a limit in respect of the claim arising from damage to third-party property, usually up to S$5 million in respect of any one claim or series of claims arising out of any one event.
Incorrect
While the limit of indemnity is unlimited for liability under death or bodily injury (as required under the Act), it is common for an insurer to place a limit in respect of the claim arising from damage to third-party property, usually up to S$5 million in respect of any one claim or series of claims arising out of any one event.
-
Question 11 of 20
11. Question
Which of the following statements are TRUE under the Personal Accident Benefits section:
I. The insurer may limit the claim to two accidents during any one period of insurance (usually 12 months)
II. If the insured has more than one Private Motor Car Insurance policy, he will only be entitled to a payment from one policy
III. Any named driver, authorised driver, and passengers are entitled to half of the respective amounts as specified in the Scale of Compensation
IV. The benefits paid in accordance with the Scale of Compensation to total and irrecoverable loss of all sight in one eye are S$20000Correct
limit the claim to one accident during any one period of insurance (usually 12 months).
Total and irrecoverable loss of all sight in one eye S$10,000
If the insured has more than one Private Motor Car Insurance policy with the insurer, the insured will only be entitled to a payment from one policy named driver, authorised driver, and passengers are also covered in this section under the same conditions, but are each usually entitled to half of the respective amounts as specified in the Scale of CompensationIncorrect
limit the claim to one accident during any one period of insurance (usually 12 months).
Total and irrecoverable loss of all sight in one eye S$10,000
If the insured has more than one Private Motor Car Insurance policy with the insurer, the insured will only be entitled to a payment from one policy named driver, authorised driver, and passengers are also covered in this section under the same conditions, but are each usually entitled to half of the respective amounts as specified in the Scale of Compensation -
Question 12 of 20
12. Question
Which of the following clauses are used in the Private Motor Car Insurance to curb small claims:
Correct
Excess clauses are often included in Private Motor Car Insurance to curb small claims
Incorrect
Excess clauses are often included in Private Motor Car Insurance to curb small claims
-
Question 13 of 20
13. Question
Which of the following is referred as a financial reward for the insured that has not made a claim under the policy:
Correct
A NCD is a financial reward for the insured that has not made a claim under the policy.
Incorrect
A NCD is a financial reward for the insured that has not made a claim under the policy.
-
Question 14 of 20
14. Question
Under the BOLA, the insured’s NCD will not be affected if his liability is which of the following in an accident involving an identified vehicle:
Correct
Under the BOLA, the insured’s NCD will not be affected if his liability is 20% or less in an accident involving an identified vehicle
Incorrect
Under the BOLA, the insured’s NCD will not be affected if his liability is 20% or less in an accident involving an identified vehicle
-
Question 15 of 20
15. 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 16 of 20
16. Question
Which of the following statements are TRUE for the Third Party Only policy:
I. Provides indemnity to the insured for death or bodily injuries to third parties and/or passengers
II. Provides cover against damage to property belonging to third parties
III. Provides cover against damage to the insured’s own motor car, whatever the cause
IV. Covers any accident occurring on the road and on private propertyCorrect
This cover provides indemnity to the insured for:
Death or bodily injuries to third parties and/or passengers; and Unlike an Act Liability Only policy, a Third-Party Only policy, in addition to providing cover for death or bodily injuries to third parties (including passengers), also provides cover against damage to property belonging to third parties. The policy also covers any accident occurring on the road and on private property. However, it does not provide cover against damage to the insured’s own motor car, whatever the causeIncorrect
This cover provides indemnity to the insured for:
Death or bodily injuries to third parties and/or passengers; and Unlike an Act Liability Only policy, a Third-Party Only policy, in addition to providing cover for death or bodily injuries to third parties (including passengers), also provides cover against damage to property belonging to third parties. The policy also covers any accident occurring on the road and on private property. However, it does not provide cover against damage to the insured’s own motor car, whatever the cause -
Question 17 of 20
17. Question
Which of the policy covers the Personal Accident Benefits:
Correct
Comprehensive:
There is also a personal accident benefits section, which provides benefits for death or permanent disability sustained by the insured and/or any passenger of the insured’s motor car, following an accident arising out of the use of the motor car.Incorrect
Comprehensive:
There is also a personal accident benefits section, which provides benefits for death or permanent disability sustained by the insured and/or any passenger of the insured’s motor car, following an accident arising out of the use of the motor car. -
Question 18 of 20
18. Question
Which of the following provides evidence of the contract of insurance and has the same legal force as the Certificate of Insurance:
Correct
A cover note provides evidence of the contract of insurance and has the same legal force as the Certificate of Insurance.
Incorrect
A cover note provides evidence of the contract of insurance and has the same legal force as the Certificate of Insurance.
-
Question 19 of 20
19. Question
Which of the following document is used to record changes in the terms and conditions of the standard insurance policy:
Correct
Insurers use endorsements to record changes in the terms and conditions of the standard insurance policy.
Incorrect
Insurers use endorsements to record changes in the terms and conditions of the standard insurance policy.
-
Question 20 of 20
20. Question
When the insurer usually sends out the renewal notice to the policyholder:
Correct
Renewal notice to the policyholder at least 30 or 45 business days before the expiry date of the policy.
Incorrect
Renewal notice to the policyholder at least 30 or 45 business days before the expiry date of the policy.
Learn how you can reduce CMFAS Exam study time by 53% and achieve success completely for free
- Start Free practice questions set two
- Mistakes people make when preparing exam and how to avoid it
- When to know if you are ready for to take the exam
- How this one little trick can increase your pass rate by another 10% instantly
- How to remember what you studied without stressing yourself
- Why people with 20 years of working experience and a CFA, FRM holder failed the CMFAS exam
Why CMFASExam
Enormous Exam Bank
Large number of questions to help you memorize all possible exam content
Explanation Provided
Get detailed explanation right after each questions
Support All Devices
Support all tablets and handheld. Study anywhere
Until You Pass Guarantee
We are very confident with our product. Therefore all purchase comes with a success guarantee
Bonus Tips
Get the bonus article of: 17 Secret Tips To Improve CMFAS Study by 39%
Adhere to CMFAS Examination Format
All questions are adhered to the real examination format to simulate the real exam environment
Frequently Updated
Our exam bank is frequently updated by our examination team
Carefully Crafted
Each questions is carefully crafted by our exam specialist and adhere to the real question formats
Instant Access
No delivery time and fee is needed. Access immediately after payment