Commercial General Insurance Mock Paper Singapore Apr 2026

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?

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. Commercial General Insurance Mock Paper Singapore

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. Describe the duty of utmost good faith (uberrimae

What is the role of the Personal Data Protection Commission (PDPC) in this breach? How does mandatory breach notification affect the insurance claim process? Their turnover is S$10 million, with a gross

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).

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.