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Category: IC14 REGULATION OF INSURANCE BUSINESS – 23

IC14 REGULATION OF INSURANCE BUSINESS – 23

Que. 1 : Q1) On which matter can the Executive Committee of Life Insurance Council can advise the IRDAI ?

   1.  a) On the matters of staff selected by insurance companies

   2.  b) On the matters of losses incurred by Life Insurance Companies

   3.  c) On the matters of property acquired by Life Insurance Companies

   4.  d) On the matters of expenses incurred by Life Insurance Companies

Que. 2 : Q2) Periodicity for submission of Cash Transaction Reports to FIU-IND

   1.  a) Fortnightly

   2.  b) Monthly

   3.  c) Half-Yearly

   4.  d) As and when a transaction occurs

Que. 3 : Q3) Select the expanded form of CFT

   1.  a) Counter Financing Task

   2.  b) Counter Financing Terrorism

   3.  c) Counter Financial Teller

   4.  d) Counter Freight Terminal

Que. 4 : Q4) When insurance companies give advertisement for ULIP, it can contain past performance figures with respect to________________.

   1.  a) results of investments and also the projected figures

   2.  b) result of allocation and also the past figures

   3.  c) results of funds and supporting figures

   4.  d) results of investments and premium received

Que. 5 : Q5) If there is a suppression of material fact, the premium collected on a policy till the date of repudiation of life policy will be liable to be returned to ________.

   1.  a) Insurance Broker

   2.  b) Policy Holder

   3.  c) Insurer

   4.  d) Agent