Training | XL Transit

Question 1

Which of the following information is required in order to submit a quotation for either a haulier goods in transit, contingency liability or environmental spillage clean-up cover:?
A. Name of the insured
B. Specified number of carrying vehicles
C. Load limit per carrier
D. Type of goods carried
E. Geographic parameters of transportation
F. Written three claims history from insurers

Question 01*

A, B & C
A, B, C & F
All of the above

Question 2

In a hauliers goods in transit cover, which of the following commodities are excluded unless specifically included?:
A. Electronic Goods
B. Tyres
C. Motor Vehicles
D. Highly Flammable Substances
E. All Of The Above

Question 02*

A, B & D
A, B & C
E

Question 3

True or false – cover is limited to any one vehicle per any one transit:

Question 03*

True
False

Question 4

Where the territories are noted to extend to include SADC regions, the following countries are not covered (select those which do not form part of the SADC community):

Question 04*

Botswana
Namibia
Swaziland
Gabon

Question 5

True of False – incidental storage is included for a period not exceeding 72 hours during the ordinary course of transit:

Question 05*

True
False

Question 6

Second hand goods are covered against the risk of (select the correct option):

Question 06*

All Risks Cover
Fire, Collision, Overturning, Theft Following & Hijack

Question 7

Cover on extras which constitutes ropes, tarpaulins, nets, chains and corner plates is limited to fire, collision, overturning theft following and hijack. What is the excess deductible on tarpaulins, ropes, nets, chains and corner plates?

Question 07*

25% of claim
20% of claim
10% of claim

Question 8

True or False – cover on plant and machinery includes mechanical, electrical and electronic derangement:

Question 08*

True
False

Question 9

Valuation on new cargo is based on which of the following:

Question 09*

Selling price as evidenced by the commercial invoices
Market value of the commodity
Cost price or new replacement value, whichever may be applicable as evidenced by the commercial invoices

Question 10

In order for a DOS claim to respond, verifiable service records have to be supplied confirming the unit was serviced by an authorised accredited manufacturer or supplier of the cooling unit:

Question 10*

Every 2000 hours
Every 3500 hours
Every 4000 hours

Question 11

True or False – cover on livestock is limited to death as a result of fire, collision, overturning, theft following and hijack and includes on site euthanasia.

Question 11*

True
False

Question 12

Select the most accurate clause as per the policy wording.

Question 12*

Misrepresentation in any material respect shall render cover voidable as applicable
Misdescription and Non-disclosure in any material respect shall render cover voidable as applicable
Misrepresentation, misdescription and Non-disclosure in any material respect shall render cover voidable as applicable

Question 13

Select the most accurate phrase that pertains to the salvage disposal clause:

Question 13*

The Insured shall take all reasonable steps to mitigate the loss by preserving the recoverable salvage
The Insured may dispose of the salvage without consent
The Insured may sell the salvage

Question 14

The debris removal extension under the policy is limit to:

Question 14*

R15 000.00
R20 000.00
R30 000.00

Question 15

True or False – Cover does not automatically extend to include driver fidelity cover

Question 15*

True
False

Question 16

If any claim under this policy is in any respect fraudulent, or if any fraudulent means or devices are used by the insured any benefit under this policy in respect of any such claim will be forfeited.

Question 16*

True
False

Question 17

Which of the following is the correct answer:

Question 17*

Salvage costs are limited to R25 000 per incident
Salvage costs are limited to R30 000 per incident
Salvage costs are unlimited but subject to economic viability and provided they are fair, reasonable and accounted for.

Question 18

Which of the following exclusions apply to the policy:

Question 18*

Loss or damage caused by insufficient or unsuitable packing, covering or securing of the cargo
Consequential loss of any nature
Loss caused by delay
All of the above

Question 19

No cover shall exist whilst the carrying vehicle is not in compliance with current legislation regarding roadworthiness.

Question 19*

True
False

Question 20

Cover on shipping containers (where specifically included in the policy schedule) will be as follows:

Question 20*

All risks cover
Limited cover – fire, collision, overturning, theft following and hijack

Question 21

With regards to repatriation, will cover be in place if the Insured abandons the cargo outside the borders of RSA

Question 21*

Yes
No

Question 22

Which of the following are warranted requirements of the contingency liability cover:

A. A formal written contractual agreement with the sub-contractor
B. Cover only applies to the first appointed sub-contractor
C. An accurate submission of estimated haulage fees generated by sub-contractors
D. Agreement to stipulate that applicable claims payments under sub-contractors GIT cover to be ceded to the insured.
E. No GIT cover is required by the sub-contractor

Question 22*

A, B, C
A, B, C, D
All of the above

Question 23

If the insured under a contingency liability policy significantly under estimates their submitted annual haulage fees, any subsequent claim could be dismissed following an external financial review due to misrepresentation.

Question 23*

True
False

Question 24

No verification or reference confirmation procedure is required for applicant sub-contractors prior to their appointment to convey sub –contracted loads.

Question 24*

True
False

Question 25

Contingency liability is contingent on the existence of an underlying GIT cover in force being held by the appointed sub-contractor.

Question 25*

True
False

Module 01

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