IC22 LIFE INSURANCE UNDERWRITING EXAM - 12

Que. 1 : Q1) When a reinsurer shares his loss exposures with other reinsurers its called as?

   1.  a) reinsurance

   2.  b) retrocession

   3.  c) retention

   4.  d) re-reinsurance

Que. 2 : Q2) _____________generally appears in adulthood after the age of 30

   1.  a) Extrinsic asthma

   2.  b) Intrinsic asthma

   3.  c) Moderate asthma

   4.  d) Severe asthma

Que. 3 : Q3) Mukesh Aged 31 years wants to take out a life insurance plan from IGP insurance company. The company in enquiry finds out that Mukesh is underweight and categorises him into the high risk category. The company agrees to provide insurance at higher premium rate.Mukesh instead asks for a lien to be imposed, and so IGP life insurance company imposes a decreasing lien of 15% for three years.Unfortunately Mukesh dies in Third year of taking the policy. The sum assured payable would be

   1.  a) 85% of the sum insured will be payable

   2.  b) 90% of the sum insured will be payable

   3.  c) 95% of the sum insured will be payable

   4.  d) Sum Insured will not be paid in case of policies where the lien is operative

Que. 4 : Q4) The primary purpose of a key man insurance policy is to provide funds on the death of the life assured directly to the __________of the deceased

   1.  a) children

   2.  b) employer

   3.  c) estate

   4.  d) spouse

Que. 5 : Q5) Which of the following is a symptom caused by Nervous Disorder?

   1.  a) Seizures

   2.  b) Disturbed mental function

   3.  c) Numbness or tingling on one side of the body

   4.  d) All of the above