IC38 - HEALTH INSURANCE AGENT EXAM - 14
| Q1.___ Insurance is Available to Cover Both: Fundamental Risk and Particular Risk. |
| a) Medical |
| b) Life |
| c) Commercial |
| d) Agricultural |
| Q2.XYZ Private Limited has applied for an Insurance-Cover. The Premises are being inspected for determining the Actual Rate Applicable, and the Exact Premium is Not Finalized. In such a scenario, where the Preparation of the Policy is Pending, and for Providing the Cover on a Provisional Basis, Which of the following can be issued, by the Insurance Company? |
| a) Certificate of Insurance |
| b) Cover-Note |
| c) Provisional Policy |
| d) Temporary Policy, Subject to Conditions and Warranties |
| Q3.One of the methods of reducing insurance cost of an insured is ____ |
| a) Reinsurance |
| b) Deductible |
| c) Co-insurance |
| d) Rebate |
| Q4.Shop insurance covers |
| a) Dishonest acts of employees |
| b) Dishonest acts of insured |
| c) Dishonest acts of customers |
| d) Dishonest acts of money lenders |
| Q5.Insured Declared Value of the obsolete vehicle is to be determined by |
| a) The surveyor |
| b) The insured |
| c) The insurer |
| d) The insured and insurer |
| Q6.Assessment of motor losses are done by the |
| a) Underwriter |
| b) Agent |
| c) Surveyor |
| d) Ombudsman |
| Q7.Delay in start-up policy is also known as _____. |
| a) Machinery Loss of Profits cover |
| b) Advance Loss of Profits cover |
| c) Contractors All Risk cover |
| d) Contractors Plant and Machinery cover |
| Q8.Clauses, Printed or Typed in the Margin of the Policy, are to be given --- then the Wording Within the Body of the Policy. |
| a) Least Importance |
| b) Equal Importance |
| c) Not Important |
| d) More Importance |
| Q9.Malicious Damage is Automatically covered under |
| a) ICC (A) |
| b) ICC(B |
| c) ICC (C) |
| d) Not covered under any of the above |
| Q10.Which of the following are not covered under Bankers Blanket policies |
| a) Money In Transit |
| b) dishonesty of the employee of the bank with respect to loss of money |
| c) trading losses |
| d) loss of securities by fire |