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    Commercial General Insurance Mock Paper Singapore (TRUSTED – 2027)

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

    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

    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. What is the role of the Personal Data

    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. A retail chain has a Business Interruption policy

    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)?

    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).

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

    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.

    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.

    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.

    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)?

    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).

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