IC38 - HEALTH INSURANCE AGENT EXAM - 01
| Q1.In a Hospital-Bill, the Charges for On-Duty Medical-Officer will be included under Which Head? |
| a) Room-Rent |
| b) Procedure Charges |
| c) Consultant Charges |
| d) Miscellaneous Charges |
| Q2.Which of the following makes the contract unenforceable in a Court of Law? |
| a) The proposer has committed a non-disclosure |
| b) The proposer has given the wrong address of property due to a clerical error |
| c) The policy is not stamped as per the Indian Stamp Act. |
| d) All of the above |
| Q3.What class of insurance would respond to claims made against an accountant in respect of incorrect advice given for a fee? |
| a) Financial loss insurance |
| b) Legal expenses insurance |
| c) Professional indemnity insurance |
| d) Public liability insurance |
| Q4.A household insurance policy has an excess of Rs 150 in respect of each claim. If a valid claim for Rs 500 is submitted, what maximum amount would the insured receive in the settlement? |
| a) Rs 150 |
| b) Rs 350 |
| c) Rs 500 |
| d) Rs 650 |
| Q5.The Premium-Calculation may depend on, Which of the Following Factors? (a) City of Residence (b) Occupation (c) Age (d) Financial Capability of Individual |
| a) Both: Factor-(a) and Factor-(b) , apply Together. |
| b) Both: Factor-(b) and Factor-(c) , apply Together. |
| c) Both: Factor-(b) and Factor-(d) , apply Together. |
| d) Both: Factor-(c) and Factor-(d) , apply Together. |
| Q6.Within the calculation of technical pricing, there are a number of future trends the underwriter needs to consider. Which of the following is incorrect with respect to the above statement? |
| a) Inflation |
| b) Claims made during the year |
| c) Technology |
| d) Legal Charges |
| Q7.In Certain Cases, when the Value of Loss cannot be easily estimated or ascertained, at the Time of Loss, a Principle, known as ___, is adopted. |
| a) Ascertained Value |
| b) Speculated Value |
| c) Agreed Value |
| d) Imposed Value |
| Q8.The duty of disclosure arises |
| a) Prior to the inception of the policy |
| b) After the inception of the policy |
| c) Prior to inception and continues during the policy |
| d) There is no such duty |
| Q9.Two main sources of Income for an Insurance Company are Underwriting Income and ____ |
| a) Claims Salvage |
| b) Risk Management |
| c) Reinsurance Commission |
| d) Investment |
| Q10.An insurance policy is proof of a commercial contract and the general rules of construction and interpretation adopted by courts apply to insurance contracts as in the case of other contracts. |
| a) True |
| b) False |
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