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Category: IC14 REGULATION OF INSURANCE BUSINESS – 28

IC14 REGULATION OF INSURANCE BUSINESS – 28

Que. 1 : Q1) On what basis is the Statement of Total Assets (General) Compliance report is submitted?

   1.  a) On a quarterly basis

   2.  b) On a half yearly basis

   3.  c) On a monthly basis

   4.  d) On a yearly basis

Que. 2 : Q2) How long are the risk covering period of insurance connected to aircraft hulls, aviation risks and marine hulls ?

   1.  a) Very short

   2.  b) Short

   3.  c) Long

   4.  d) Very Long

Que. 3 : Q3) Duties of Micro Insurance Agent is spelt out in

   1.  a) Agency Contract

   2.  b) Deed of Agreement

   3.  c) IRDA Regulations

   4.  d) Deed of Partnership

Que. 4 : Q4) Which one of the following statements is correct?

   1.  a) If policy document is lost the insurance contract becomes void.

   2.  b) The family history appears in the personal statement.

   3.  c) Both (a) and (b) statements are correct.

   4.  d) Both (a) and (b) statements are wrong.

Que. 5 : Q5) Accident Benefit Rider in Micro Insurance Products can be allowed for a Maximum Term of

   1.  a) 5 years

   2.  b) 10 years

   3.  c) 15 years

   4.  d) 3 years