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BIA Non-Life Insurance Diploma Practice Questions - Bangladesh Insurance Academy Diploma in Non-Life Insurance Exam

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About this Exam

Prepare with the BIA Non-Life Insurance Diploma Practice Questions - Bangladesh Insurance Academy Diploma in Non-Life Insurance Exam practice quiz. This question bank includes 100 questions covering bangladesh, insurance, policy, marine, and cargo. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

Sample Questions

Question 1
Under general contract principles and the Contract Act 1872 in Bangladesh, when must insurable interest exist in a property (non-life) insurance policy (excluding marine cargo) for a claim to be enforceable?
Only at the time the policy is initially written
Only at the time the loss occurs
Both at the time of policy inception and at the time of loss
Insurable interest is not required if the premium has been fully accepted by the insurer
Question 2
Which of the following describes the principle of 'Utmost Good Faith' (Uberrimae Fidei) as applied to non-life insurance in Bangladesh?
A rule that requires the insurer to pay the claim regardless of the policy exclusions if the insured acted in good faith
A mutual duty of both the insurer and the insured to disclose all material facts before the contract is finalized
A condition that permits the insured to change the terms of the policy unilaterally after paying the premium
A statutory protection that prevents the insurer from questioning the valuation of the property after a claim is lodged
Question 3
Under the principle of subrogation, at what point does a non-life insurer in Bangladesh acquire the legal right to sue a third party responsible for the loss in the name of the insured?
As soon as the insured reports the loss to the insurer
Immediately upon the issuance of the insurance policy
Only after the insurer has fully indemnified the insured for the loss
Once the insurer files a dispute with the IDRA Arbitration Committee
Question 4
If an insured has double insurance (policies from two different insurers covering the same risk) and suffers a loss, how is the claim settled under the principle of contribution in Bangladesh?
The insured can recover the full loss amount from both insurers, receiving double indemnity
Each insurer is liable to pay a rateable proportion of the loss based on their respective sums insured
The policy that was purchased first must pay the entire claim, and the second policy is automatically cancelled
The insurers are exempt from payment, and the claim must be filed with Sadharan Bima Corporation
Question 5
How is 'Proximate Cause' (Causa Proxima) defined and applied in determining liability for a general insurance claim in Bangladesh?
The cause that is nearest in time to the occurrence of the loss
The most dominant, active, and efficient cause that sets in motion a chain of events leading to the loss
The cause that is designated as primary by the police report or fire brigade assessment
The cause that the insured chooses to declare on the official claim form

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Additional Information

BIA Non-Life Insurance Diploma Practice Questions - Bangladesh Insurance Academy Diploma in Non-Life Insurance Exam

This practice set contains 100 questions from the matching question bank and focuses on bangladesh, insurance, policy, marine, and cargo. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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Frequently Asked Questions

This quiz contains a total of 100 practice questions carefully selected to test your knowledge on this subject.
Yes, you will have exactly 0 minutes to complete the exam. A countdown timer will be visible once you start.
Yes, you can retake this practice test as many times as you need. The questions and options may be randomized on subsequent attempts to ensure comprehensive learning.

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