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Proximate Cause refer to the _________ cause which set in motion a chain of events producing loss.

A. Active

B. Efficient

C. A & B are correct

D. None of the above

Answer: Option C

Solution(By Examveda Team)

A related doctrine is the insurance law doctrine of efficient proximate cause. Under this rule, in order to determine whether a loss resulted from a cause covered under an insurance policy, a court looks for the predominant cause which sets into motion the chain of events producing the loss, which may not necessarily be the last event that immediately preceded the loss. Many insurers have attempted to contract around efficient proximate cause through the use of "anti-concurrent causation" (ACC) clauses, under which if a covered cause and a non-covered cause join together to cause a loss, the loss is not covered.

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When is a policy deemed to be lapsed?

A. If the premiums are not paid on due date

B. If the premiums are not paid before the due date

C. If the premium has not been paid even during days of grace

D. If the policy is surrendered

Which is incorrect statement?

A. Complainant has to approach a consumer forum before moving the Ombudsman

B. The complaint has to be lodged with in two year of the insurer rejecting the compliant

C. There is no separate financial limit of various forum and commissions

D. All of the above

Which is incorrect?

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B. The recommendations of the Ombudsman are always binding on the insured

C. The Ombudsman can act as a mediator by mutual agreement between the insurer and the insured

D. If mediated, the decision of the Ombudsman is final whether to accept or reject the compliant