IC22 Mock Test Sample 2
These questions highlight key underwriting, medical, and reinsurance concepts in IC22. Moral hazard arises when insurance cover is so high that death appears more valuable than life. Cerebrospinal fluid cushions the brain. Cataract and refractive errors usually need no underwriting rating. TB is dangerous in HIV patients. Inner ear contains organs of hearing and balance. Residence risk includes living, travel, and workplace factors. Facultative and treaty are reinsurance types. Cardiovascular disease is the main cause of death in Type 2 diabetes. Reinsurance reduces insurer liability. Asthma underwriting requires detailed medical history. Treaty reinsurance avoids repeated underwriting. Numerical and judgment methods guide underwriting decisions.
1. Which factor is reflected here: “The insurance cover is so high that the life assured is worth more dead than alive”?
a) Financial factor
b) Moral hazard
c) Health factor
d) Occupational factor
e) Family history
2. This fluid acts as a shock absorber for the brain
a) Cerebro Spinal Fluid
b) Meninges
c) Arachnoid
d) Brain
e) None
3. For which eye disorder no ratings are required?
(i) Cataract (ii) Refractive error (iii) Strabismus
a) Only (iii)
b) Only (ii)
c) Only (i) & (ii)
d) Only (i) & (iii)
e) Only (i)
4. Tuberculosis is particularly dangerous for individuals with
a) HIV
b) Blood pressure
c) Heart disease
d) Diabetes
e) Thyroid
5. Choose the correct statement about the inner ear
a) It is an air-filled segment
b) It is made up of membranous segments
c) It contains organs of hearing and balance (labyrinth)
d) It is an S-shaped tube from auricle
e) It contains ossicles
6. Under “place of residence”, what is evaluated?
a) Individual residence
b) Individual traveling
c) Individual workplace
d) Only (a) & (b)
e) All (a), (b) & (c)
7. Types of reinsurance include
(i) Prudent (ii) Facultative (iii) Treaty
a) Only (i) & (ii)
b) Only (ii) & (iii)
c) Only (i) & (iii)
d) Only (iii)
e) All (i), (ii) & (iii)
8. In facultative reinsurance, risk is apportioned based on
a) Premium distribution
b) Total sum assured
c) Pre-decided loss percentage
d) All (a), (b) & (c)
e) Only (a) & (b)
9. Advisory referred for residence risk
a) Lifestyle
b) Travel advisory
c) Stay duration
d) Climate change
e) None
10. Heart problem due to abnormal development before birth
a) Valvular heart disease
b) Coronary heart disease
c) Congenital heart disease
d) Peripheral heart disease
e) None
11. Outer lighter part of kidney is called
a) Ureters
b) Cortex
c) Medulla
d) Renal pelvis
e) Calyx
12. Main cause of death in Type 2 diabetes
a) Neuropathy
b) Diabetic nephropathy
c) Retinopathy
d) Cardiovascular disease
e) Hypertension
13. What reduces liability of insurer significantly?
a) Extra premium
b) Reinsurance
c) Income stability
d) Profit retained
e) Underwriting
14. Important asthma underwriting information includes
a) Hospitalization history
b) Frequency & severity
c) Functional limitations
d) Occupation
e) All the above
15. Reinsurance arrangement without UW review
a) Facultative
b) Treaty
c) Automatic
d) Dual
e) None
16. Age-related hearing loss disorder
a) Acute otitis
b) Otitis
c) Chronic otitis
d) Presbyacusis
e) Deafness
17. Most common nose disorder
a) Sinusitis
b) Nasal polyps
c) Deviated septum
d) Smell disorder
e) Allergy
18. Underwriting decision-making methods
(i) Numerical rating (ii) Judgment (iii) Statistical data
a) Only (iii)
b) Only (i)
c) Only (i) & (iii)
d) Only (i) & (ii)
e) Only (ii) & (iii)
19. In spinal cord, __________ transmits sensory information to brain
a) Ascending nerve tract
b) Descending nerve tract
c) Central nervous system
d) Peripheral nervous system
e) None
20. Which is NOT a limitation of judgment method?
a) Subjective and inconsistent
b) Inconsistent and very scientific
c) Uses mortality ratings
d) Both (a) & (b)
e) None
