IC38 - HEALTH INSURANCE AGENT EXAM - 26
| Q1.No complaints to the ombudsman shall be made. |
| a) If the complaint is made later than one year after the insurer had rejected the representation |
| b) If the complaint is pending in any consumer forum |
| c) If the complaint is subject of arbitration |
| d) All of the above |
| Q2.Discuss the Risk-Management Technique, employed by an Individual, when He or She purchases the Insurance. |
| a) Risk-Avoidance |
| b) Risk-Retention |
| c) Risk-Transfer |
| d) Risk-Mitigation |
| Q3.____ may deal with more than one Life Insurance Company or general insurance company or both. |
| a) Agent |
| b) Broker |
| c) Corporate agent |
| d) Retail agent |
| Q4.Broker represents: |
| a) One insurance company |
| b) Multiple insurance companies |
| c) Insurance Regulatory and Development Authority |
| d) Customer |
| Q5.Which of the following statements is False? |
| a) Coinsurance is the sharing of risks between insurers |
| b) The Insurer has a contractual relationship with the reinsurer |
| c) The Re-Insurer is the Insurer of the Insurer |
| d) The Insured has a contractual relationship with the reinsurer |
| Q6. NRHM stands for__ |
| a) New Rural Health Mission |
| b) National Rural Health Mission |
| c) National Rural Housing Mission |
| d) National Rural Healing Misson |
| Q7.Which among the following is the definition of arbitration? |
| a) The act of complaining about the Insurer to the Magistrate |
| b) Method of Settling disputes in the policy |
| c) Filing a case in the Legal Court |
| d) Litigation |
| Q8.An Applicant, seeking an Appointment as an Insurance Agent of an Insurer, shall submit an Application in Form:__, to the ___ of the Insurer. |
| a) I-A, Designated Official |
| b) A.I-A, Appellate Officer |
| c) I-B, Designated Official |
| d) I-B, Appellate Officer |
| Q9.Which of the following covers in Shopkeepers Package insurance is not included in Householders Package insurance |
| a) Pedal cycles |
| b) Neon sign |
| c) Legal liability to employees |
| d) Fixed Plate glass |
| Q10.The term fire under the fire policy means |
| a) Natural heating |
| b) Burning by order of a public authority |
| c) Spontaneous combustion |
| d) Accidental ignition |