IC38 - HEALTH INSURANCE AGENT EXAM - 04
| Q1.Insurance-Surveyors and Loss-Assessors Regulations, Act, was formulated in the Year: _____. |
| a) 2000 |
| b) 1996 |
| c) 2003 |
| d) 1992 |
| Q2.In shop keepers insurance, which of the following are not covered? |
| a) Machinery breakdown |
| b) Malicious damage |
| c) Business interruption |
| d) Willful destruction by insured |
| Q3.___ is a representative of the insurance company and is governed by the principal-agent relationship. |
| a) Insurance agent |
| b) Broker |
| c) Banks |
| d) Underwriter |
| Q 4. The purpose of the deductible clause is to: |
| a) To avoid claim payment |
| b) To eliminate the payment of small claims |
| c) To harass the policyholder |
| d) To increase the premium |
| Q5.Mr.Shenoy wants to have a health insurance plan for his family and for his aged parents. Which plan will suit his requirements? |
| a) Group Family health insurance plan |
| b) Family floater health insurance plan |
| c) Family Health benefit plan |
| d) Family health insurance plan |
| Q6.Which insurance relates to the installation of plant or machinery? |
| a) Computer Insurance |
| b) Erection All Risks Policy |
| c) Machinery Breakdown |
| d) Electronic Equipment Insurance |
| Q7.Which of the below can be covered under a banker's indemnity insurance policy? |
| a) Money securities lost or damaged whilst within the premises due to fire |
| b) Forgery or alteration of cheques |
| c) Dishonesty of employees with reference to money |
| d) All of the above |
| Q8.Which One of the Following Bodies, has prescribed the Regulations for Protecting the Interests of Policy-Holders, stipulating the Obligations on Both: Insurers as well as Intermediaries? |
| a) Life Insurance Council and General Insurance Council, Jointly. |
| b) Policy-Holders' Association of India (P.A.I.). |
| c) Insurance Regulatory and Development Authority of India (I.R.D.A.I.) |
| d) Life Insurance Corporation (L.I.C.) of India and General Insurance Corporation (G.I.C.) of India, Jointly. |
| Q9.Which One of the Following, is a Central Repository of Insurance Grievance Data? |
| a) National Commission |
| b) Ombudsman |
| c) Integrated Grievance- Management-System (I.G.M.S.) |
| d) State Commission |
| Q10.Which of the following activities can be classified as promotion? |
| a) Product development |
| b) Quality control |
| c) Product advertisement |
| d) Product benchmarking |