IC38 - HEALTH INSURANCE AGENT EXAM - 15
| Q1.Contracts of Insurance are expressed In-Writing, and the Insurance Policy-Wording are drafted, by Whom? |
| a) Agent |
| b) Insurer |
| c) Insurance-Holder |
| d) Beneficiary |
| Q2.Which of the following is not insured under a standard fire and special perils policy? |
| a) Goods in factories |
| b) Goods in open |
| c) Goods in transit by train/road |
| d) Goods in going down |
| Q3.Which of the following statements is true? (1) Insurance provides direct benefits to individuals (2) Insurance provides indirect benefits to the community |
| a) Only Statement 1 |
| b) Only Statement 2 |
| c) Both Statements |
| d) Neither of the Statements |
| Q4.Which of the following ensures that the amount of claim payable is not more than the actual amount of loss? |
| a) Pro-rata average |
| b) Excess limit |
| c) Salvage |
| d) All of the above |
| Q5.Which of the following statements is true? (1) In fire insurance interest is required both at the time of taking the policy and at the time loss. (2) In marine hull insurance insurable interest is required both at the time of taking the policy and at the time of loss |
| a) Only 1 |
| b) Only 2 Both are false |
| c) Both are true |
| d) Both are false |
| Q6.Choose the Correct Expanded Form for N.C.B. |
| a) National Credit Bureau |
| b) No-Claim Bonus |
| c) Non-Commissioned Banks |
| d) National Co-Operative Bank |
| Q7.Insurable Interest referes to____ |
| a) Financial Interest of the person in the asset to be insured |
| b) The asset which is already Insured |
| c) Each insurer share of loss when more than one company covers the same loss |
| d) The amount of the loss that can be recovered from the Insurer |
| Q8.The Solatium Scheme was initiated by the Central Government in 1989 for the payment of compensation to the victims of |
| a) Fire Accident |
| b) Earth Quake |
| c) Hit and Run Accidents |
| d) Accident due to excluded peril |
| Q9.Which One of the Following, is the Basic Insurance Legislation of the Country, that governs Insurance Business in India? |
| a) Insurance Act, 1938. |
| b) Insurance Regulatory and Development Authority (I.R.D.A.) Act, 1999. |
| c) Deposit Insurance and Credit Guarantee Corporation Act, 1961. |
| d) Public Liability Insurance Act, 1991. |
| Q10.Which among the following documents is most likely to be requested while examining a cyclone damage claim? |
| a) Coroners report |
| b) Report from Fire Brigade |
| c) Police report |
| d) Report from Meteorological Department |
Click Here for Answer Key |