Menu Close

Category: IC14 REGULATION OF INSURANCE BUSINESS – 31

IC14 REGULATION OF INSURANCE BUSINESS – 31

Que. 1 : Q1) An express declaration has to be made by the claimant to GRA that no similar claim has been made before any other________________.

   1.  a) Insurance Ombudsman

   2.  b) Forum or Tribunal

   3.  c) Consumer authority

   4.  d) Consumer council

Que. 2 : Q2) Regulations for micro insurance provide for a fie-up between and .

   1.  a) Insurer and Agents

   2.  b) Agents and Insured

   3.  c) Low income people and Insurers

   4.  d) Life insurer and Non life insurer

Que. 3 : Q3) SHG (Self Help Groups) is related to which of the following?

   1.  a) Life Insurance

   2.  b) General Insurance

   3.  c) Reinsurance

   4.  d) Micro Insurance

Que. 4 : Q4) Which of the following Assignment is NOT VALID?

   1.  a) Assignment with out Notification

   2.  b) Assignment with out Stamp

   3.  c) Assignment with out Sign

   4.  d) Both B and C

Que. 5 : Q5) Remittance of funds by any mode for value of Rs. ___________and above is effected by debit to the customers account or against cheques and not against cash payment.

   1.  a) Rs 1 Lakh

   2.  b) Rs 2 Lakhs

   3.  c) Rs 50,000

   4.  d) Rs 5000 per month