IC14 REGULATION OF INSURANCE BUSINESS -13
| Q1.GRA will refer the disputes for mediation by a person or body agreed upon where there is no ____, by a person or body nominated by the GRA from a panel prepared by it. |
| trust |
| agreement |
| contract |
| mutual bond |
| legal clause |
| Q2.The full of 'CARE' is ___. |
| Central Aeronautical Research Enterprise |
| Credit And Revenue Exchange |
| Commission of Aided Research and Engineering |
| Credit Analysis and Research Ltd |
| None of the above |
| Q3.All regular premium ULIPs shall have uniform paying premiums and any additional payments shall be treated as ___ for purpose of insurance cover. |
| Rider premium |
| Top Up premium |
| New premium |
| Single premium |
| Lock-in premium |
| Q4.All top-up premiums, irrespective of the amount, offer life insurance coverage __. |
| In one fourth the proportion as regular premium |
| In half the proportion as regular premium |
| In the same proportion as regular premium |
| In double the proportion as regular premium |
| None of the above |
| Q 5.Appeal against the District forum award can be made to the State Commission, subject to deposit of ____ of the amount awarded or ___ whichever is less. |
| 50% , Rs 10,000 |
| 50% , Rs 15,000 |
| 50% , Rs 20,000 |
| 50% , Rs 25,000 |
| 50% , Rs 30,000 |
| Q6.___ risks are covered under annual insurances connected with aircraft hulls, other aviation risks, and marine hulls. |
| Automatic personal accident insurance to passengers |
| Legal liability to passengers |
| Marine hulls |
| Aircraft hulls |
| All of the above |
| Q7.At what frequency is the Statement of Investments of Total Assets (General) Compliance Report submitted? |
| Monthly |
| Quarterly |
| Six monthly |
| Yearly |
| As per requirements |
| Q8.___ have to be deposited to make an appeal in Supreme Court. |
| Rs 25000 |
| Rs 50000 |
| Rs 75000 |
| Rs 100000 |
| Rs 500000 |
| Q9.The Grievance Redressal Authority (GRA) selection committee consists of members of ____. |
| National Councils |
| State Councils |
| Consumer Councils |
| Insurance Councils |
| Technical Councils |
| Q10.What is the core aspect to determine the extent of required insurance coverage called? |
| The human life value element |
| Human life period element |
| Human life productivity element |
| Net asset life element |
| Net asset productivity element |