IC01 PRINCIPLES OF INSURANCE - 32

Que. 1 : Q1) Expenses on ______________ are not covered in an health insurance policy.

   1.  a) critical surgery

   2.  b) domiciliary hospitalization

   3.  c) child birth

   4.  d) dental treatment

Que. 2 : Q2) Which of the following statement is correct?

   1.  a) Retention means the person exposed to the risks feels that he in a position to repel the loss

   2.  b) Retention means the person exposed to the risks feels that he in a position to pass on the loss

   3.  c) Retention means the person exposed to the risks feels that he in a position to avoid the loss

   4.  d) Retention means the person exposed to the risks feels that he in a position to bear the loss

Que. 3 : Q3) Which of the following terms is dissimilar to the other four options? (Find the odd-man out?)

   1.  a) Post-hospitalisation expenses

   2.  b) Expenses on treatment of pre-existing diseases

   3.  c) Reinstatement value

   4.  d) Funeral expenses

Que. 4 : Q4) When a reinsurer shares his loss exposure(s) with other reinsurer(s) , it is called as?

   1.  a) reinsurance

   2.  b) retrocession

   3.  c) retention

   4.  d) re-reinsurance

Que. 5 : Q5) Which of the following entities was nominated as the national insurer?

   1.  a) LIC

   2.  b) GIC

   3.  c) Oriental Insurance Company Limited

   4.  d) New India Assurance