IC14 REGULATION OF INSURANCE BUSINESS - 32

Que. 1 : Q1) Which of these statement is CORRECT ?

   1.  a) When age advances the insurability increases

   2.  b) When age advances the insurability reduces

   3.  c) As age reduces the insurability increases

   4.  d) As age reduces the insurability reduces

Que. 2 : Q2) Insurer who bears the rates on the policy sticks to/refers to rates at the time of the __________

   1.  a) Agreement

   2.  b) Contract

   3.  c) Investigation

   4.  d) Assignment

Que. 3 : Q3)Nominees appointed by the life assured can __________.

   1.  a) share the policy monies amongst themselves

   2.  b) share the money with the legal heirs

   3.  c) can only receive the money on behalf of legal heirs

   4.  d) All of above

Que. 4 : Q4) As per the 'Protection of Policy holders interests’ guidelines the ‘Maximum Turn Around Time‘ specified for ‘Post policy issue service requests concerning mistakes / refund of proposal deposit is ________.

   1.  a) 2 days

   2.  b) 5 days

   3.  c) 7 days

   4.  d) 10 days

Que. 5 : Q5) The full form of ACR is .

   1.  a) Annual CA's Reports

   2.  b) Annually Collected Revenue

   3.  c) Alternate Conflict Resolution

   4.  d) Association for Consumer Relations