IC24 LEGAL ASPECTS OF LIFE ASSURANCE - 17
| Q1.Where a claim arises by death within ____ after the issue of the policy or from its revival, insurers classify it as an early death claim. |
| a) 1 year |
| b) 2 years |
| c) 3 years |
| d) 4 years |
| Q2.Coercion is the committing or threatening to commit, any act forbidden by the Indian Penal Code. Say whether True or False |
| a) True |
| b) False |
| Q3.As per the provisions of Section 42 of the Insurance Act, which of the below is true with respect to the fees payable for insurance of life insurance license to a person? |
| a) Fee shall not be more than two hundred and fifty rupees |
| b) Fee shall not be more than five hundred rupees |
| c) Fee shall not be more than seven hundred and fifty rupees |
| d) Fee shall not be more than one thousand rupees |
| Q4.Which contract is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen? |
| a) Discharge of contracts |
| b) Void agreements |
| c) Valid contract |
| d) Contingent Contract |
| Q5.Non- contributing schemes are generally renewable every year. Say whether True or False. |
| a) True |
| b) False |
| Q6.A surety has an insurable interest in the life of |
| a) the principal debtor to the extent of the debt |
| b) in the life of his co-surety to the extent of the debt |
| c) Only A is True |
| d) Both are True |
| Q7.Any requests for information sought under the RTI have to be disposed of by the CPIO \ SPIO within ____ |
| a) 30 days |
| b) 15 days |
| c) 7 days |
| d) 3 days |
| Q8.Which of the below is not an appropriate example of group insurance? |
| a) Employer buying insurance for its employees |
| b) Lawyer's association buying insurance for its members |
| c) A shopping mall buying insurance for its customers |
| d) A bank buying insurance for its account holders |
| Q9.To avail benefit from accident benefit clause, the accident should be caused by _____ |
| a) Inward violent and invisible means |
| b) Inward violent and visible means |
| c) Outward violent and invisible means |
| d) Outward violent and visible means |
| Q10.Which of the following is not correct about the Nomination of the person? |
| a) When effecting the policy |
| b) After the death of the policyholder |
| c) At any time before the policy matures for payment |
| d) All of the above |