IC22 Mock Test Sample 19
This set of questions covers key concepts in life insurance underwriting, medical knowledge, and risk assessment. It highlights classification of sub-standard risks, factors affecting underwriting decisions, and post-underwriting actions like acceptance, rejection, or postponement. It also emphasizes medical aspects such as WBC count, diabetes evaluation, hepatitis risk, and diseases like polycythemia and retinopathy. Understanding human body systems (respiratory, cardiovascular, lymphatic) is important for risk evaluation. Additionally, it includes regulatory aspects like keyman insurance and HUF law, along with reinsurance practices such as facultative shopping. Overall, it focuses on assessing mortality risk, medical conditions, and underwriting procedures effectively.
1. Which of the following is not a classification of sub-standard risk in insurance underwriting?
a) Constant extra risk
b) Changeable extra risk
c) Increasing extra risk
d) Decreasing extra risk
2. Which of the below option conducts inhaled air into the lungs through its tubular branches (bronchi)?
a) Pharynx
b) Diaphragm
c) Nose
d) Trachea
3. Which of the following is not a factor that can help identify the risk associated with place of residence?
a) Religious fundamentalism
b) Avocation sports
c) Medical facilities
d) Economic instability
4. White Blood Cell Count (WBC Count) Normal Values
a) 4.5 – 5.9
b) 13 – 18
c) 4.3 – 11.3
d) 16 – Nov
5. __________ is charged to individuals if predictive mortality does not deviate much from mortality table.
a) Sub-standard premium
b) Standard premium
c) Extra premium
d) Loaded premium
6. Which of the following cannot be a post-underwriting decision?
a) Accept with special terms
b) Postpone proposal
c) Decline proposal
d) Postpone proposal for more than three years
7. For risk selection in diabetic applicants, what should be reviewed carefully?
a) Only (i), (ii) & (iii)
b) Only (i) & (iii)
c) Only (i), (iii) & (iv)
d) Only (i) & (ii)
8. In which type of risk is a temporary extra charged for a short period?
a) Increasing extra risk
b) Decreasing extra risk
c) Constant extra risk
d) Very high risk
9. Name the cardiovascular system operating within the human body.
a) Pulmonary circulation system
b) Systemic circulation system
c) Functional circulation system
d) Both (a) & (b)
10. Which Hepatitis viruses need detailed assessment for underwriting?
a) Only (i) & (iii)
b) Only (ii) & (iii)
c) Only (iv)
d) Only (i)
11. Which organs help regulate production, destruction, and differentiation of cells?
a) Only (i), (ii) & (iii)
b) Only (i), (iii) & (iv)
c) Only (ii), (iii) & (iv)
d) Only (i), (ii), (iii) & (iv)
12. Which plan is allowed for keyman insurance?
a) Term assurance plans
b) Mediclaim policy
c) Child money back plans
d) Child endowment plans
13. Hindu Undivided Family is defined under which law?
a) Common law
b) Indian law
c) Hindu law
d) Cultural law
14. All functions of the brain are associated with ______.
a) Cranial nerves
b) Motor nerves
c) Peripheral nerves
d) Autonomic nerves
15. Which blood disease produces excess red blood cells?
a) Leukemia
b) Polycythemia
c) Thalassemia
d) Hemophilia
16. Which factor is NOT considered for life insurance of women with no income?
a) Physical disability
b) Marital status
c) Educational background
d) Insurance on other family members
17. Who manages MIS relating to medical reports in underwriting?
a) Medical team
b) Underwriting team
c) Management team
d) Technical team
18. __________ is a diabetic complication affecting the retina.
a) Retinopathy
b) Cataract
c) Partial blindness
d) Glaucoma
19. Selecting the most competitive reinsurer from multiple offers is called ______.
a) Treaty shopping
b) Treaty discounting
c) Facultative discounting
d) Facultative shopping
20. First step in Numerical Rating Method is ______.
a) Classify applicant
b) Risk assessment of factors
c) Assign numerical rating
d) Define value of standard risk
