IC38 - HEALTH INSURANCE AGENT EXAM - 32
| Q1.Which of the Following Health Insurance Products, pay for Actual Medical Expenses, incurred due to Hospitalization? I. Indemnity-Cover. II. Fixed Benefits-Cover. |
| a) Only I. |
| b) Only II. |
| c) Both: I and II. |
| d) Neither I Nor II. |
| Q2.Which One of the Following is an Example of Permanent Total Disability (P.T.D.)? |
| a) Paralysis of All Four Limbs. |
| b) Loss of Fingers. |
| c) Loss of Phalanges. |
| d) Loss of Toes. |
| Q3.What is the primary purpose of insurance regulations? |
| a) To generate fee income |
| b) Protect the interests of policyholders |
| c) To settle customer disputes |
| d) To control the market share of private insurers |
| Q4.A fire policy for commercial risks covers the perils of __ |
| a) Explosion |
| b) Implosion |
| c) Both of the above |
| d) None of the above |
| Q5.Label the Document, that is used, to lay down the terms of the Insurance Contract, when it is bought. Choose the Most Appropriate Option. |
| a) Policy |
| b) Agreement |
| c) Authorisation |
| d) Endorsement |
| Q6.Intimation of loss is to be made: |
| a) at the exact time of the loss |
| b) after 15 days |
| c) as soon as reasonably possible |
| d) any time after the loss |
| Q7.The Premium, Charged for the Stored-Goods' Insurance, is Notand nbsp; Dependent on the Following Parameters: |
| a) Extent of Applicable Threat |
| b) Nature of Goods- Stored |
| c) Assumed Profit on Sale of Such Goods |
| d) Time of the Year |
| Q8.The main purpose of a proposal form is to |
| a) gather material facts |
| b) outline policy exclusions |
| c) provide evidence of cover |
| d) detail the amount of premium required |
| Q9.Which of these statements is correct.(1) Subrogation under common law is implied in a contract of indemnity. (2) Subrogation under common law arises only after payment of a loss |
| a) Statement 1 is True |
| b) Statement 2 is True |
| c) Both are correct |
| d) Both are incorrect |
| Q10.Rajesh takes a Health Insurance Policy of Rs 4 lacs from Insurance company ABC and has another health policy of Rs 5 lacs from another company ABC. He undergoes Liver Transplantation and the total cost was Rs 4 lacs. Which of the following statements is TRUE? |
| a) Rajesh can claim for 4 lakhs from each Insurer |
| b) Rajesh cannot make a claim of Rs 4 lakhs from each Insurer |
| c) Rajesh will get a total claim of Rs 8 lakh since he has taken two policies |
| d) Rajesh will get 5 Lakhs from ABC since this policy has the highest Sum Insured |
