IC14 REGULATION OF INSURANCE BUSINESS - 02
| Q1.What is the Statement of down graded investments also called? |
| Form 1 |
| Form 2 |
| Form 3 |
| Form 2A |
| Form 3A |
| Q2.__ is an objective of Redressal of Public Grievances rules. |
| Formation of GRA |
| Protection of consumers interest |
| Providing grievances to consumers |
| Aim at resolving complaints relating to the settlement of disputes |
| All of the above |
| Q3.How is the refund of premium paid to the insured? |
| Only in cash |
| By Demand Draft |
| By Pay Order |
| By Paycheque |
| By Crossed cheque |
| Q4.Who makes rules to regulate the procedure for the investigation of misbehavior or incapacity of the President and Members of GRA? |
| IRDAI |
| National Government |
| Central Government |
| State Government |
| Local Government |
| Q5.In which industry should the person have an experience of not less than 15 years under IAT ( Insurance Appellate Tribunal )? |
| Aviation industry |
| IT industry |
| Telecom industry |
| Insurance industry |
| Law firm |
| Q6.Which system was created by 'Redressal of Public Grievances Rules 1998 |
| Actuaries Society of India |
| Consumer Forums |
| Insurance Ombudsman |
| Online Grievances Lodging system |
| Insurance Surveyors |
| Q7.Repudiation of life policy will result in forfeiting the policy amount by ____. |
| Nominee |
| Actuary |
| Insurer |
| Agent |
| Wealth insurance policy |
| Q8.In ___, any increase or decrease in the net asset value (NAV) of the plan during the free look period is passed on to the customer. |
| Tax Saving Mutual Funds |
| Endowment plan |
| Declared policy plan |
| Insurance plans of private sector companies |
| Unit linked insurance plans |
| Q9.In the purview of the Insurance Ombudsman under 'Nature of complaints', any partial or total reputation of claim is by ___. |
| the Agent |
| the Proposer |
| the Policyholder |
| any aggrieved person who has bought an insurance policy |
| the Insurer |
| Q10.DCB' means ___ . |
| Development Countrywide Bank |
| Development Credit Bank |
| District Co-operative banks |
| Directorate of Credit Business |
| Daily Cash Book |