Q 1. ________ defines fraud as a combination of misrepresentation, concealment of facts, and intent to deceive
Q 2. How is the Financial Action Task Force (FATF) commonly regarded in the field of combating financial crimes?
Q 3. When a client claims for a large amount of compensation for the negligence of the professional from whom he availed the service and suffered a loss due to the professional''s negligence, what type of insurance coverage does this situation fall under?
Q 4. How are insurance policies for antiques and works of art typically dealt with in terms of value?
Q 5. Stage managed burglary and theft losses are found in case of which of the following?
Q 6. Who founded the Financial Action Task Force (FATF), also known as Groupe d''action financière, in 1989?
Q 7. What aspects does an insurance claim investigator typically assess during their investigation process?
Q 8. What type of areas should be examined during an investigation to gain a comprehensive understanding?
Q 9. Which of the following acts is related to liability and provides compensation for work-related injuries and accidents?
Q 10. What qualifications should investigators possess to excel in their role?
Q 11. Individual health insurance policies can cover:
Q 12. In the Marine Insurance Act of 1963, the principle of utmost good faith is dealt with in:
Q 13. What term describes the fraudulent practices of reporting a loss without damage to the insured property and exaggerating the actual loss, including damage due to uninsured perils?
Q 14. What are the types of policies issued in motor insurance?
Q 15. What are some examples of money laundering activities involving insurers?
Q 16. Which organization estimates the cost of fraud in the insurance industry in Germany and provides annual training to claim adjusters on detecting and combating fraud?
Q 17. How does the loss of revenue from tax evasion impact a country''s development?
Q 18. How are Forensic Science Analyses utilized by investigators and insurers in determining the cause of loss?
Q 19. What is the recommended approach for handling integral-related transactions involving amounts greater than 50000 rupees in a calendar month?
Q 20. Which factor commonly contributes to the lack of action against fraudsters in cases of insurance fraud?
Q 21. How many life insurance players are there in India?
Q 22. Question: Why do some insured individuals opt for second-hand imported machinery for their new project?
Q 23. Which penalties and remedies are included in the insurance fraud model acts developed by the National Conference of Insurance Legislators (NCIL) and the National Association of Insurance Commissioners (NAIC)?
Q 24. The attempt to sink insured vessels intentionally for financial gain is called:
Q 25. Which of the following is a preventive measure for the pre-acceptance inspection of vessel and cargo?
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