Menu Close

Category: IC22 LIFE INSURANCE UNDERWRITING EXAM – 13

IC22 LIFE INSURANCE UNDERWRITING EXAM – 13

Que. 1 : Q1) An insurer who has accepted a risk too large to retain can choose to insure part of the risk with

   1.  a) an assignee

   2.  b) a cedant

   3.  c) a reinsured

   4.  d) a reinsurer

Que. 2 : Q2) Blood pressure is measured in terms of :

   1.  a) mm Hg

   2.  b) mm cmHg

   3.  c) Hg

   4.  d) mmHg2cm

Que. 3 : Q3) Which among the following methods is a traditional method that can help determine the insurance needed by an individual?

   1.  a) Human Economic Value

   2.  b) Life Term Proposition

   3.  c) Human Life Value

   4.  d) Future Life Value

Que. 4 : Q4) Which of the following statements describes Retrocession?

   1.  a) The insurance deal is cancelled prematurely

   2.  b) The reinsurer himself reinsures with another insurer or reinsurer

   3.  c) The insured takes a break from paying the premiums

   4.  d) The Insurer pays the claim to the Insured

Que. 5 : Q5) A human beings value is measured by

   1.  a) The income that he generates

   2.  b) The value of the goods that he produces

   3.  c) His academic qualifications

   4.  d) All of the above