IC38 - HEALTH INSURANCE AGENT EXAM - 26

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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

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