IC22 Mock Test Sample 5
These questions focus on IC22 concepts covering underwriting, medical conditions, and legal aspects. The MWP Act (1874) protects policies for wife and children from creditors. Mortality refers to death rate. Glaucoma underwriting depends on the underlying cause. Reinsurers are restricted from direct insurance by regulations. Acute lymphoblastic leukemia is common in children. Hyperthyroidism is best treated through multiple methods including radioactive iodine. Microcytic anemia is mainly due to iron deficiency and thalassemia. Morbidity risk relates to illness probability. High-risk cases may be declined if extra premium is insufficient. Kidneys produce renin for blood pressure regulation. Substandard risks include individuals with health issues like hypertension.
1. Which act was passed in 1874 to protect policy for wife and children from creditors?
a) MWP Act
b) HUF Act
c) ULIP Act
d) Non-working women Act
e) Dependent policy Act
2. Mortality in underwriting refers to
a) Fatal outcome
b) Death rate
c) Accident rate
d) Any (a) or (b)
e) Both (b) & (c)
3. Underwriting consideration for glaucoma
a) Based on underlying cause
b) No rating required
c) Based on glaucoma itself
d) High rating required
e) Substandard due to low risk
4. Who specifies reinsurer cannot do direct insurance?
a) GIC
b) LIC
c) Indian Regulations
d) RGA
e) None
5. Cancer common in children (1–7 years)
a) Chronic lymphoblastic leukemia
b) Acute lymphoblastic leukemia
c) Hemophilia
d) Chronic myeloid
e) Acute leukemia
6. Best treatment for hyperthyroidism
a) Medication
b) Surgery
c) Radioactive iodine
d) All the three
e) None
7. Who looks at risk from sale to policy issuance?
a) Insurance agent
b) Medical team
c) Underwriting philosophy
d) Insurance company
e) Senior management
8. Causes of microcytic anemia
a) Blood loss, iron deficiency, thalassemia
b) Vitamin B12 deficiency
c) Chronic disease
d) Renal failure
e) None
9. Effect of hypothyroidism on pregnancy
a) Increase pregnancy chance
b) More miscarriages
c) Reduce pregnancy chance
d) Early delivery
e) Never pregnant
10. High probability of illness is called
a) Morbidity risk
b) Substandard risk
c) Mortality risk
d) Occupational risk
e) Morality risk
11. Proposal likely to be postponed
a) Pregnant with miscarriage history
b) Lung cancer under treatment
c) Spouse with miscarriage history
d) Pilot profession
e) All
12. When extra premium is insufficient, ______ is required
a) Rating risk
b) Classification
c) Accept risk
d) Decline risk
e) All
13. Factor NOT considered for women with no income
a) Physical disability
b) Marital status
c) Educational background
d) Insurance in family
e) Nature of plan
14. Kidney hormone regulating BP
a) Erythropoietin
b) Thyroxine
c) Renin
d) Triiodothyronine
e) Both (a) & (c)
15. Document NOT required for partnership insurance
a) MOA & AOA
b) Partnership deed
c) P&L and balance sheet
d) ITR copy
e) Questionnaire
16. NOT a mining risk
a) Water entry
b) Explosion/fire
c) Transmission breakdown
d) Ground fall
e) Gases
17. Moderate BP classified as
a) Substandard risk
b) Preferred risk
c) Uninsurable
d) Standard risk
e) Complicated
18. Occasional acute bronchitis underwriting
a) No special rating
b) Special rating by age
c) Decline
d) Normal with exclusions
e) Special deductibles
19. Normal RBC count
a) 16–11
b) 4.5–5.9
c) 13–18
d) 4.3–11.3
e) 5.3–10.8
20. HUF tax law statements
a) Tax rebate available
b) Eligible for deductions
c) No self-benefit from HUF income
d) No nominee provision
e) All are true
