IC22 LIFE INSURANCE UNDERWRITING EXAM - 08
| Q1.Which of the following states the purpose of the financial underwriting in life insurance? |
| Ensure that the insured beneficiaries are put in good financial condition after the occurrence of the event insured. |
| Maximize moral risk as an insurance policy in itself increases the chance of the insured event happening. |
| Encourage the early surrender of the policy so that premium collected can be retained with the company as a profit. |
| Ensure that the insured or their beneficiaries are not put in a better financial position by the occurrence of the insured event. |
| All the above statements. |
| Q2.If an individual is a Pilot by profession, which of the following risks is associated with him for the insurance cover? |
| Increasing extra risk. |
| Constant extra risk. |
| Deceasing extra risk. |
| Changeable extra risk. |
| None of the above. |
| Q3.Majority Of Red Cells Are Smaller Than Normal |
| Normocytic |
| Macrocytic |
| Microcytic |
| All |
| none |
| Q4.In the natural gas and oil industry, which is the most hazardous job category in mortality terms? |
| Medical services. |
| Divers. |
| Technical engineer. |
| Offshore maintenance technicians. |
| Geoscientists. |
| Q 5. The risk appetite which is different among the insurance companies is defined by- (i) Underwriters. (ii) Actuaries. (iii) Senior management. |
| Only (i)&(ii) |
| Only (ii)&(iii) |
| Only (ii) |
| Only (i) |
| Only (i)&(iii) |
| Q6._is a condition characterized by recurring seizures in an individual. |
| Epilepsy. |
| Meningitis. |
| Stroke. |
| Multiple sclerosis. |
| Spinal disease. |
| Q7.Who employed the Numerical rating method for making the decision to accept or decline the risk? |
| Insurance company. |
| IRDA. |
| Underwriters. |
| Actuaries. |
| Reinsurers. |
| Q8.__ is a cancer of white blood cells. |
| Polycythemia. |
| Hemophilia. |
| Thalassemia. |
| Leukemia. |
| Chronic. |
| Q9.Choose a type of kidney disease in which a part of the kidneys that help filter waste and fluids from the blood is damaged? |
| Urinary tract infection. |
| Glomerulonephritis. |
| Kidney stones. |
| Chronic kidney disease. |
| Polycystic disease. |
| Q10.A cone-shaped passageway leading from the oral and nasal cavities in the head to the esophagus and larynx is__. |
| Windpipe. |
| Nose. |
| Pharynx. |
| Trachea. |
| Lungs. |