IC22 LIFE INSURANCE UNDERWRITING EXAM - 04
| Q 1.Which among the following looks at all the risk involved, right from the point of sale till the policy-issuance and beyond as each of these has an impact on the risk assessment process? |
| Insurance agent. |
| Medical team. |
| Underwriting philosophy. |
| Insurance company. |
| Senior management. |
| Q2.Common Causes Of Microcytic Anaemia |
| Chronic Blood Loss, Iron Deficiency & Thalassaemia |
| Vitamin B12,Folic Acid Deficiency |
| Chronic Disease Bone Marrow Disorders |
| Renal Failure |
| none |
| Q3.Nisha is trying to get pregnant but she was diagnosed with hypothyroidism by her doctor. In what way this is going to affect her? |
| Increase her chance of getting pregnant. |
| She will face more miscarriages. |
| Reduce her chance of getting pregnant. |
| She will deliver early. |
| She will never get pregnant. |
| Q4. It arises when the probability of an individual likely to become ill or contracting an adverse medical condition is high. |
| Morbidity risk. |
| Sub-standard risk. |
| Mortality risk. |
| Occupational risk. |
| Morality risk. |
| Q5.____Is Necessitated, As No Amount Of Extra Premium Would Be Sufficient To Take Care Of The Very High Mortality. |
| Rating The Risk |
| Classification Of Risk |
| Accept The Risk |
| Decline The Risk |
| all of the above |
| Q6.What is the factor that is not taken into consideration for life insurance of women with no income? |
| Physical disability. |
| Marital status. |
| Educational background. |
| Insurance on other family members. |
| Nature of the Insurance plan requested. |
| Q7.Kidneys Produce___, A Hormone Important In Regulating Blood Pressure |
| Erythropoietin |
| Thyroxine |
| Renin |
| Tri Iodothyronine |
| both a & c |
| Q8.Which is the standard document that is not required for the partnership insurance cover? |
| Memorandum of Association and Articles of Association of the company. |
| Copy of partnership deed duly signed by the partners. |
| Profit and loss account and the balance sheet of the firm. |
| Copy of the income tax returns of the firm. |
| Partnership questionnaire duly signed and stamped by the authorized signatory. |
| Q9.An individual working in the mining industry can be exposed to fatal accidents underground, which of the following is not one of them? |
| Water entering the mines during monsoon. |
| Explosion/ fires. |
| Breakdown in transmission. |
| Ground fall. |
| Gases. |
| Q10.Applicants with moderately raised blood pressure are classified under which type of risk for insurance underwriting? |
| Substandard risk. |
| Preferred risk. |
| Uninsurable risk. |
| Standard risk. |
| Complicated risk. |