Commercial General Insurance Mock Paper Singapore Apr 2026

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.

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.

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.

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. Commercial General Insurance Mock Paper Singapore

Note: Candidates should refer to the latest Monetary Authority of Singapore (MAS) circulars, WICA limits (updated annually), and the Insurance Act for precise statutory figures.

List the four main components of a Work Injury Compensation (WICA) insurance policy in Singapore. For each, state the statutory cap (use reasonable current limits, e.g., medical expense cap up to S$45,000).

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). A food importer in Singapore has a Marine

Advise GL on their duty of disclosure regarding the lithium batteries. If the insurer discovers the nondisclosure post-loss, what remedies are available under the Insurance Act (Cap 142) as amended by the Insurance (Amendment) Act 2020 (fair presentation)?

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.

Describe the duty of utmost good faith (uberrimae fidei) in the context of a commercial fire insurance application for a warehouse storing lithium-ion batteries. What are the consequences of nondisclosure under the Insurance Act (Cap 142) as amended? Does the Marine Cargo policy respond

What is the role of the Personal Data Protection Commission (PDPC) in this breach? How does mandatory breach notification affect the insurance claim process?

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.