CAPÍTULO IV CAPACIDADES DE LA INTELIGENCIA EMOCIONAL
4.3 Motivarse a si mismo
for Policy 'B' cover for Motor Cycle/Scooters?
Ans. Following Factors are to be taken into account for rating for Policy 'B' cover for Motor Cycle/Scooters:
(a) Cubic Capacity, (b) IEV. and (c) Whether side car attached or not.
Cubic Capacity and IEV – Following Rating Schedule is applied:
(a) For Motor Cycles and Scooters other than Auto Cycle or mechanically assisted Pedal Cycles:
Cubic Capacity Own Damage
Uptol50c.c. Rs. 88/- plus 1.10% on IEV Upto250c.c. Rs. 110/- plus 1.10% on IEV Over 250 c.c. Rs. 132/- plus 1. 10% on IEV In applying the scale of rates, Motor Cycles / Motor Scooters exceeding any of the stated cubic capacities are to be rated according to the next higher capacity.
(b) For Auto Cycles or Mechanically Assisted Pedal Cycles - Own Damage - Rs. 30/- plus 0.40% on IEV
Minimum values for computation of premium shall be as under, irrespective of any lower value proposed for insurance:
Upto 150 c.c. Rs. 3,000/-Upto 250 c.c. Rs. 4 , 000/_
Over 250 c.c. Rs.
5,000/-Side car - The insured value of any side car is to be stated separately. A 25% reduction may be allowed where the cover excludes use of a Motor Cycle / Motor Scooter without a side-car attached.
Discounts for deletion of named perils – Following discounts may be allowed from Own Damage Premium:
i) 0.10% on IEV if Earthquake, etc. perils excluded.
ii) 0. 15% on IEV if Flood, etc. perils excluded. iii) 0. 15% on IEV if Riot, Strike etc. perils excluded.
Q. Enumerate the extra benefits available under motor Cycle Comprehensive Policies.
Ans. Extra Benefits under motor Cycle Comprehensive Policies:
(1) Loss of Accessories – The policy does not cover Loss of Accessories by Theft. This may be covered at an additional premium of 3% on the value of such accessories, with a minimum premium of Rs. 15 subject to a compulsory excess of Rs.
50/-(75)
(2) Legal Liability to persons employed in connection with the operation and / or maintenance - Legal Liability to persons employed in connection with the operation and / or maintenance of the Motor Cycle under the Workmen's Compensation Act, 1923, Fatal Accidents Act, 1855 and at Common Law may be covered at the extra premium of Rs. 15 per person.
(3) Liability to Employees of the Insured - Legal Liability to Employees of the Insured, who may be driving/riding the Employer's Motor Cycle may be covered at the extra premium of Rs.50/-.
(4) Reliability Trials and Rallies - Policies may be extended to permit use during particular reliability trial or rally under the auspices of a recognised motoring organisation on payment of specific additional premiums. ( For the scope of this extension please refer the description in the Private Car Tariff).
(5) Increased Third Party Property Damage – The policy may be extended for Increased Third Party Property Damage.
(Additional premium shall be as described in Private Car Tariff)
Q. What are discounts available under Motor Cycle Policy?
Ans. Discounts available under Motor Cycle Policy:
(1) Excess Accidental Damage :
i) Insured bearing first Rs. 100/ - 10% Discount but not exceeding Rs. 25/
ii) Insured bearing first Rs. 200/- 15% but not exceeding Rs.
50/
(2) No Claim Bonus
(3) Discount for Membership of an Automobile Association - Discount for Membership of an Automobile Association is 5% subject to a maximum of Rs. 30/- per motor cycle. Same rules apply as in Private Car Tariff.
Commercial Vehicles Tariff
Q. (a) Name the extra benefits available under Commercial Vehicle Comprehensive Policies.
(b) Describe the scope of cover under extra benefit for Legal liability for accidents to non-fare paying passengers.
Ans.(a) Following are the extra benefits available under Commercial Vehicle Comprehensive Policies:
i) Legal Liabilities to employees of the insured.
ii) Personal Accident benefits to the insured and others.
iii) Legal Liability for accidents to passengers (fare paying).
iv) Legal Liability to non-fare paying passengers.
v) Increased Third Party Property Damage
vi) Liability for damage to property caused by spark risk in connection with steam driven vehicles.
vii) Cover for extra fittings
b) Legal liability for accidents to non-fare paying
passengers-Commercial Vehicles Policies may be extended to cover Legal Liability to non-fare paying passengers..
There are two types of non-fare paying passengers:
i) Non-fare Paying Passengers who are employees of the Insured but not "Workmen" ;under the Workmen's Compensation Act- Following additional premium is payable:
a) Vehicles not designed for carriage of passengers, e.g.
Goods Carrying Vehicles - Rs.50/- per passenger.
b) Vehicles designed for carriage of passengers e.g. Bus - Rs.110/- per Passenger.
ii) any other non-fare paying passengers - Legal Liability for accidents to Non-fare Paying Passengers, who are not employees of the Insured carried in a Goods Carrying Vehicles may be covered at additional premium of Rs.50/- per passenger.
Q. Describe the Scale of Discount for Excess Accidental Damage for Commercial Vehicles.
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Ans. Scale of Discount for Excess Accidental Damage for Commercial Vehicles
Excess Discount
Insured bearing 1st Rs. 1000 5% but not exceeding Rs.250 Insured bearing 1st Rs. 2500 10% but not exceeding Rs.625 Insured bearing 1st Rs. 5000 15% but not exceeding Rs. 1250 Insured bearing 1st Rs. 7500 20% but not exceeding Rs. 1875 Insured bearing 1st Rs.10000 25% but not exceeding Rs.2500 Q. Write a short note on IMT 74
Ans. IMT 74 – Commercial Vehicle Policy with Endorsement No 26 provides that except in the case of total loss of the vehicle, the Insurer shall not be liable under Section I of the Policy (i.e. Own-Damage Section) for loss of or damage to lamps, tyres, mudguards and/or bonnet side parts, bumpers and/or paintwork. Majority of Exclusion under IMT 26 can be deleted by paying an additional premium attaching endorsement, IMT 74 which cover losses (excluding theft under any circumstances) of items like tyres, mudguards, headlights and painting of damage portion under commercial Vehicle 'B' Policy.
Q. What is the basis of rating for charging Premium for Own Damage Cover under various Commercial Vehicles?
Ans. Premium for Own Damage Cover under various Commercial Vehicles –
(1) Goods Carrying Vehicles - The Rate is based on Gross Vehicle Weight, which means the total weight of the Vehicle and Load certified by the registering authority as permissible for that vehicle. Based on GVW, the specified amount of premium plus a percentage surcharge on the IEV is charged. A discount of 30% may be allowed to Own Damage Premium for vehicles which are used for carrying "own goods" only.
(2) Vehicles Carrying Passengers for Hire or Reward – i) Taxis with carrying capacity upto 6 Passengers - The Rate is based on Cubic Capacity upto 1500 c.c. and exceeding 1500 c.c.
ii) Three Wheelers with carrying capacity upto 6 Passengers - The Rate is based on Cubic Capacity ( different capacities given under Tariff).
iii) Other Vehicles with carrying capacity exceeding 6 Passengers – The rates are based on Licensed Passenger Carrying Capacity and
(3) Trailers – The rate varies according to the class of vehicle that will tow the trailer and the number of trailers towed.
(4) Miscellaneous and special Types of Vehicles – The rates vary according to type of vehicle.
Q. How the Trailers can be insured under Motor Policies?
Ans. A trailer is any truck, cart, carriage or other vehicle without means of self- propulsion including agricultural implements drawn or hauled by any self-propelled vehicle.
Trailers can be covered under Motor Policies in the following ways:
i) Policy Covering the Vehicle which will tow the trailer may be extended to cover the Trailer(s) or
ii) A separate policy is issued to cover trailer(s) at the prescribed rates, subject to the Trailer and the Towing Vehicle being insured on identical terms with the same Company.
For the purpose of Bonus / Malus. Clause, the towing vehicle(s) and the trailer(s) whilst attached thereto shall be treated as a single unit and claim made or arising in respect of one section of the unit will affect the Bonus / Malus entitlement of both sections of the unit.
The premium is calculated at the rate applicable to the highest rated class of vehicle that will tow the trailer(s) at any time. The rating Schedule - both of own damage and Third Party Liability gives premium when (a) towed by vehicle rated under agricultural Forestry class and (b) Others. Also the premium varies according to whether one trailer is towed or two, or three right upto eight trailers
Where more than one trailer is owned but not more than one trailer is towed at a time, the basis of rating of such trailer
is the basis of “towing one trailer only" and this must be applied to all trailers. The premium so calculated must be charged on all trailers owned by and / or in the possession of the insured. The same principle shall be applied in cases where not more than two trailers are towed at a time.
The following clause must appear on all policies covering either the towing vehicle or the trailers
"Warranted that not more than …… trailers shall be towed by the towing vehicle and further warranted that the Company shall not be liable to indemnify the insured in connection with any vehicle or trailer while a greater number of trailers in all is being towed than is permitted by law."
Q. What are the Tariff provisions regarding premium for Motor Trade Internal Risks Policy.
Ans. For Motor Trade Internal Risks insurance the rates of premium are based on
(a) Superficial area of premises occupied by the insured for Motor trade business
(b) Wages paid to employees
The first and all renewable premiums are regulated partly on wages, salaries etc. paid by the insured to employees during the period of insurance. The insured has to maintain the record of employees and the insurers have the right to inspect such records.
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