IC22 Mock Test Sample 13
Life insurance underwriting evaluates medical, occupational, and lifestyle risks to classify applicants appropriately. Conditions like polycystic kidney disease are typically treated as sub-standard risks, while high-risk occupations significantly impact decisions. Reinsurance helps insurers spread risk and manage large exposures. Medical knowledge, including organs, diseases, and diagnostic measures like GFR, is essential for accurate assessment. Processes like centralized underwriting improve efficiency and consistency. Concepts such as mortality tables, survival periods in critical illness, and classification of asthma guide decision-making. Overall, underwriting ensures balanced risk selection, protects insurers from excessive losses, and provides fair and appropriate coverage to policyholders.
1. What underwriting implications does a case with Polycystic Disease usually have?
a) Standard terms
b) Declined
c) Sub-standard terms
d) None
2. Which occupations have more impact on underwriting decision?
a) Underground coal mine worker
b) Travel to restricted countries
c) Municipal water department worker
d) Both (a) & (b)
3. Reinsurance treaties with multiple reinsurers help to_____.
a) Multiply the risk
b) Spread the risk
c) Pay off claims
d) Generate business
4. Reinsurance treaty contains provisions related to____.
a) Facultative reinsurance
b) Automatic reinsurance
c) Retention limits
d) All of the above
5. The smallest blood vessel in the human body is____.
a) Veins
b) Capillaries
c) Arteries
d) Valves
6. ______ generally appears after age 30 and is non-allergic.
a) Extrinsic asthma
b) Moderate asthma
c) Severe asthma
d) Intrinsic asthma
7. Blood vessels that return deoxygenated blood to the heart are____.
a) Veins
b) Valves
c) Arteries
d) Atria
8. Mortality table data is based on____.
a) Age
b) Gender
c) Occupation
d) Only (a) & (b)
9. Which is NOT a part of the stomach?
a) Fundus
b) Body
c) Pylorus
d) None of the above
10. Which protect the central nervous system?
a) Only (iii)
b) Only (i) & (iii)
c) Only (i)
d) Only (i) & (ii)
11. Insulin treatment for Type 1 diabetes is given through____.
a) Injections
b) Nose spray
c) Oral
d) Both (a) or (b)
12. Largest division of the brain is____.
a) Cerebrum
b) Cerebellum
c) Brain stem
d) Hypothalamus
13. Survival period in critical illness rider is generally____.
a) 15 days
b) 30 days
c) 20 days
d) 40 days
14. Best measure of renal function is____.
a) GFR
b) Proteinuria
c) BUN
d) Specific gravity
15. Which statement about lungs is NOT correct?
a) Located in thoracic cavity
b) Left lung has 2 lobes, right has 3
c) Made of cartilage and connects pharynx to trachea
d) Diaphragm is major muscle
16. Factor NOT considered for insurance of women with no income?
a) Physical disability
b) Marital status
c) Educational background
d) Insurance on family members
17. Reinsurer reinsuring its risks with another is called____.
a) Cedent
b) Retrocedant
c) Retrocessionaire
d) Retrocession
18. Asthma in a 5-year-old child is classified as____.
a) Intrinsic asthma
b) Extrinsic asthma
c) Occupational asthma
d) Severe persistent asthma
19. Primary function of Eustachian tube is____.
a) Drain infection
b) Maintain air pressure
c) Ventilate middle ear
d) All the above
20. Underwriting process where most policies are issued at head office is____.
a) Centralized process
b) Authoritative process
c) Decentralized process
d) Outsourcing process
