Commercial General Insurance Mock Paper Singapore Page

This paper is structured for a professional qualification exam (e.g., CGI, PGI, or Diploma in General Insurance) or a mid-level underwriter/broker assessment.

Discuss whether the CGL policy will respond to the neighbour’s wall damage (S$200k) and any third-party bodily injury if a neighbour worker suffered burns. Refer to the “known hazard” exclusion. Commercial General Insurance Mock Paper Singapore

A food importer in Singapore has a Marine Cargo policy under Institute Cargo Clauses (B) and a separate Storage Floater for the warehouse. A container of frozen prawns arrives at Pasir Panjang Terminal, is trucked to the warehouse, and upon opening 24 hours later, is found to have thawed and spoiled. The refrigeration unit was not plugged in during the 2-hour truck journey. Does the Marine Cargo policy respond? Justify using ICC (B) exclusions. This paper is structured for a professional qualification

Analyse which parts of the loss are covered by the Cyber policy (e.g., forensic costs, ransomware payment, BI, regulatory fines, notification costs under PDPA). Explain which are likely excluded. A food importer in Singapore has a Marine

A retail chain has a Business Interruption policy with a 12-month indemnity period and a Gross Profit basis. Their turnover is S$10 million, with a gross profit percentage of 30%. A fire shuts down their main store for 5 months. During that period, actual sales dropped by S$2 million, but they saved S$200,000 in avoided purchases (unpurchased stock). Calculate the Gross Profit loss using the standard BI formula (show workings). Ignore increased cost of working for this exercise.

Explain the difference between “Indemnity to Principal” clause and “Cross Liability” clause in a Commercial General Liability policy. Provide a Singapore construction site scenario where each applies.

Under the D&O policy , will the shareholder lawsuit defence costs be covered? Discuss the “deliberate breach of law” exclusion in light of the CEO’s failure to act (negligence vs deliberate).