Q 1. In which policy can Commutation be done ?
Q 2. Which of the following events are covered under a crop insurance scheme ?
Q 3. In which of the following events will Subrogation not arise?
Q 4. How are Risks Classified?
Q 5. Which of the following is not a homogeneous group of risks?
Q 6. Expenses on _________ are not covered in an health insurance policy.
Q 7. Who issues licenses to the insurance third party administrators (TPAs) ?
Q 8. Which of the following statements is not correct?
Q 9. Why are the Investors concerned about Profit?
Q 10. A risk with a Sum Insured of Rs. 600 Crores is ceded to the Reinsurer under a 20% Quota Share with a Treaty Limit of 500 Crores (100%). If the loss is for Rs. 120 Crores, how much would the Reinsurer pay?
Q 11. Who checks the advertisements of insurance companies to ensure that they do not misguide the customers ?
Q 12. When the General Insurance Business Act was amended in 1999, the GIC was made ______ .
Q 13. A risk with a Sum Insured of Rs. 600 Crores is ceded to a Reinsurer under a Five Line Surplus Treaty. The Insurer's Retention is Rs. 100 Crores. If the loss is for Rs. 60 Crores, how much would the Reinsurer pay?
Q 14. Which of the following is not true with regard to Burden of Proof?
Q 15. Uberrimae fidei means:
Q 16. In a life insurance policy, the person who makes a claim, on the death of the policy holder, is known as the ________ .
Q 17. With reference to 'Term insurance', which is the correct answer ?
Q 18. Which of the following is not relevant to decide admissibility of a claim?
Q 19. An Insurer has Insurable Interest in the property insured by them because:
Q 20. Which of the following is a speculative risk?
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