IC22 Mock Test Sample 10
These questions cover important underwriting principles, medical concepts, and risk assessment factors in life insurance. Financial underwriting ensures beneficiaries are not overcompensated. Pilots face constant extra risk due to occupation. Microcytic anemia involves smaller red blood cells. Hazardous jobs like divers carry high mortality risk. Risk appetite is defined by actuaries and senior management. Epilepsy causes recurring seizures, and leukemia is cancer of white blood cells. Non-medical factors like occupation, avocation, and moral hazard affect underwriting. The cardiac cycle refers to heartbeats. Reinsurers support insurers but claim liability remains with the direct insurer. Modifiable risks exclude gender. Occupational exposure impacts health risks, and conditions like hypothyroidism or Barrett’s esophagus influence underwriting decisions based on complications and mortality risk.
1. Which of the following states the purpose of financial underwriting in life insurance?
a) Ensure beneficiaries are put in good financial condition
b) Maximize moral risk
c) Encourage early surrender of policy
d) Ensure beneficiaries are not put in a better financial position
2. If an individual is a pilot, which risk is associated with him?
a) Increasing extra risk
b) Constant extra risk
c) Decreasing extra risk
d) Changeable extra risk
3. Majority of red cells are smaller than normal:
a) Normocytic
b) Macrocytic
c) Microcytic
d) All
4. Most hazardous job in oil and gas industry (mortality):
a) Medical services
b) Divers
c) Technical engineer
d) Offshore maintenance technicians
5. Risk appetite is defined by:
a) Underwriters
b) Actuaries
c) Senior management
d) Both (b) & (c)
6. ______ is a condition characterized by recurring seizures.
a) Epilepsy
b) Meningitis
c) Stroke
d) Multiple sclerosis
7. Who uses numerical rating method to accept or decline risk?
a) Insurance company
b) IRDA
c) Underwriters
d) Actuaries
8. ______ is a cancer of white blood cells.
a) Polycythemia
b) Hemophilia
c) Thalassemia
d) Leukemia
9. Kidney disease affecting filtering units:
a) Urinary tract infection
b) Glomerulonephritis
c) Kidney stones
d) Chronic kidney disease
10. Cone-shaped passage from nasal/oral cavity to esophagus:
a) Windpipe
b) Nose
c) Pharynx
d) Trachea
11. Significant non-medical factors affecting underwriting:
a) Avocation
b) Moral hazard
c) Occupation
d) All the above
12. Series of events resulting in a heartbeat is called:
a) Conducting system
b) Cardiac cycle
c) Myocardium
d) Coronary cycle
13. Special sense disorders covered under critical illness:
a) Deafness
b) Blindness
c) Heart attack
d) Both (a) & (b)
14. Abnormal plasma cells forming tumors in bones:
a) Myeloma cells
b) Haemophilia
c) Multiple myeloma cells
d) Leukemia
15. Which statement is NOT true about reinsurance?
a) Direct insurer holds obligation
b) Reinsurer cannot deal directly with clients
c) Reinsurer pays full claim to insured
d) Reinsurer shares premium
16. Which is NOT a modifiable risk factor of atherosclerosis?
a) Obesity
b) Male gender
c) Diabetes mellitus
d) High blood pressure
17. Thrombocytopenic means:
a) Low platelet count
b) Purple bruises
c) Blood destruction
d) Red/purple dots
18. Asthma patient working in cement factory is exposed to:
a) Health risk
b) Financial risk
c) Lifestyle risk
d) Occupational risk
19. Additional risk in adult hypothyroidism:
a) Increased cholesterol
b) High blood pressure
c) No additional risk
d) Diabetes
20. Underwriting consideration for Barrett’s oesophagus:
a) Depends on complications
b) No extra mortality
c) Increased mortality risk
d) Standard rates only
