IC38 - HEALTH INSURANCE AGENT EXAM - 22
| Q1.In order for a motor insurer to remain solvent, its liabilities must be |
| a) covered by the Financial Services Compensation Scheme |
| b) covered by the Motor Insurers Bureau |
| c) less than its assets |
| d) more than its assets |
| Q2.Which One of the Following, can form the Basis for a Valid Consumer-Complaint? |
| a) Shop-Keeper, Not Giving Any Discounts on the Product. |
| b) Price, Charged by Shop-Keeper, is as per Maximum Retail Price (M.R.P.) on Package. |
| c) Shop-Keeper fails to provide a Certain Product. |
| d) The Goods, Bought by Consumer, suffers from One or More Defects. |
| Q3.Which one of the following statements is correct? |
| a) The information in the proposal form is used for underwriting. |
| b) Wrong information in the proposal form can nullify the insurance contract. |
| c) Both (a) and (b) statements are correct. |
| d) Both (a) and (b) statements are wrong. |
| Q4.Micro-Insurance Products are designed to aim for the protection of ____ |
| a) Minors |
| b) Senior Citizens |
| c) High-Income People from Urban Areas |
| d) Low-Income People from Rural Areas |
| Q5.The deductible is also termed as |
| a) Franchise |
| b) Warranty |
| c) Excess |
| d) Exclusion |
| Q6.Which of the following requirements does not apply for granting cash-in-safe insurance? |
| a) The safe is of approved design |
| b) The safe is brand new |
| c) The safe is burglar-proof |
| d) The safe is of approved make |
| Q7.Which of the following is true, in relation to Mediclaim proposal form? Statement A. The insured warrants the truth of the statements and agrees that the proposal form shall be the basis of the contract. Statement B. The insured consents to the insurer taking medical information from the hospital / medical practitioner who has treated the insured. |
| a) Statement A is True |
| b) Statement B is True |
| c) Both are true |
| d) Both are False |
| Q 8.Community Health Centre serves as a referral center for____Primary Health Centres |
| a) Two |
| b) Three |
| c) Four |
| d) Five |
| Q9.The following is not covered in the Personal Accident |
| a) Death |
| b) Suicide |
| c) Permanent disability |
| d) Loss of one hand |
| Q10.Ms. Shaheen refuses to go on a Business-Trip to Iraq, because of Violence in the Destination Country. Identify the Risk-Management Technique, practiced here. |
| a) Risk-Avoidance |
| b) Risk-Retention |
| c) Risk-Transfer |
| d) Risk-Reduction and Risk-Control |