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Category: IC14 REGULATION OF INSURANCE BUSINESS – 22

IC14 REGULATION OF INSURANCE BUSINESS – 22

Que. 1 : Q1) As per IRDA guidelines for ULIP’s, all ULIPs have uniform / level paying premiums whereby additional payments will be treated as –

   1.  a) premium top-up

   2.  b) extended premium

   3.  c) new premium

   4.  d) single premium

Que. 2 : Q2) Who should be appointed for assessing the claim / loss ?

   1.  a) Underwriter

   2.  b) Insurer

   3.  c) Insured

   4.  d) Surveyor

Que. 3 : Q3) What fee is charged by the authority to issue duplicate copy of licence to Corporate Agents ?

   1.  a) Rs 10

   2.  b) Rs 50

   3.  c) Rs 100

   4.  d) Rs 250

Que. 4 : Q4) ________ would be referred to for various servicing interaction with the insurer and is required at the time of settling claims ?

   1.  a) Proposal Form

   2.  b) Policy bond

   3.  c) Cover note

   4.  d) Policy document

Que. 5 : Q5) What should the policy document of Group Micro Insurance contract contain?

   1.  a) Schedule of the details of the Individuals covered under the group

   2.  b) The mother tongue of the individuals covered under the group

   3.  c) Code of conduct in regulation 8 of IRDA regulations 2000

   4.  d) The native place details of the individuals covered under the group