Module 01 Brief Summary of Product Offering Download Step 1 of 3 33% NameSurnameFSP numberContact NumberEmail 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 & CA, B, C & FAll of the aboveQuestion 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 & DA, B & CEQuestion 3 True or false – cover is limited to any one vehicle per any one transit:Question 03*TrueFalseQuestion 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*BotswanaNamibiaSwazilandGabonQuestion 5 True of False – incidental storage is included for a period not exceeding 72 hours during the ordinary course of transit: Question 05*TrueFalseQuestion 6 Second hand goods are covered against the risk of (select the correct option): Question 06*All Risks CoverFire, Collision, Overturning, Theft Following & HijackQuestion 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 claim20% of claim10% of claimQuestion 8 True or False – cover on plant and machinery includes mechanical, electrical and electronic derangement: Question 08*TrueFalseQuestion 9 Valuation on new cargo is based on which of the following: Question 09*Selling price as evidenced by the commercial invoicesMarket value of the commodityCost price or new replacement value, whichever may be applicable as evidenced by the commercial invoicesQuestion 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 hoursEvery 3500 hoursEvery 4000 hoursQuestion 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*TrueFalseQuestion 12 Select the most accurate clause as per the policy wording. Question 12*Misrepresentation in any material respect shall render cover voidable as applicableMisdescription and Non-disclosure in any material respect shall render cover voidable as applicableMisrepresentation, misdescription and Non-disclosure in any material respect shall render cover voidable as applicableQuestion 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 salvageThe Insured may dispose of the salvage without consentThe Insured may sell the salvageQuestion 14 The debris removal extension under the policy is limit to: Question 14*R15 000.00R20 000.00R30 000.00Question 15 True or False – Cover does not automatically extend to include driver fidelity cover Question 15*TrueFalseQuestion 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*TrueFalseQuestion 17 Which of the following is the correct answer: Question 17*Salvage costs are limited to R25 000 per incidentSalvage costs are limited to R30 000 per incidentSalvage 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 cargoConsequential loss of any natureLoss caused by delayAll of the aboveQuestion 19 No cover shall exist whilst the carrying vehicle is not in compliance with current legislation regarding roadworthiness. Question 19*TrueFalseQuestion 20 Cover on shipping containers (where specifically included in the policy schedule) will be as follows: Question 20*All risks coverLimited cover – fire, collision, overturning, theft following and hijackQuestion 21 With regards to repatriation, will cover be in place if the Insured abandons the cargo outside the borders of RSA Question 21*YesNoQuestion 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, CA, B, C, DAll of the aboveQuestion 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*TrueFalseQuestion 24 No verification or reference confirmation procedure is required for applicant sub-contractors prior to their appointment to convey sub –contracted loads. Question 24*TrueFalseQuestion 25 Contingency liability is contingent on the existence of an underlying GIT cover in force being held by the appointed sub-contractor. Question 25*TrueFalse Thank you for completing the test. Should you not obtain 100% we will email you a link to take the test again.* Acknowledged EmailThis field is for validation purposes and should be left unchanged.