Module 01 Brief Summary of Product Offering Download Step 1 of 3 33% Name Surname FSP number Contact Number Email 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 insurersQuestion 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 AboveQuestion 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 Thank you for completing the test. Should you not obtain 100% we will email you a link to take the test again.* Acknowledged CommentsThis field is for validation purposes and should be left unchanged.