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Category: IC24 – LEGAL ASPECTS OF LIFE ASSURANCE – 16

IC24 – LEGAL ASPECTS OF LIFE ASSURANCE – 16

Que. 1 : Q1) Cede in Insurance terminology refers to

   1.  a) acceptance of risk

   2.  b) available of risk

   3.  c) transfer of risk

   4.  d) None of these

Que. 2 : Q2) Given below are some of the State Governments that have declared the policies issued by the Corporation as securities. Which one of them is incorrect?

   1.  a) Andhra pradesh

   2.  b) Gujarat

   3.  c) Tamil Nadu

   4.  d) Karnataka

Que. 3 : Q3) In order to constitute a partnership there must be at least _________ in the firm.

   1.  a) 1 adults

   2.  b) 2 adults

   3.  c) 3 adults

   4.  d) 4 adults

Que. 4 : Q4) A license issued under Section 42D shall remain in force for a period of _______ only from the date of issue.

   1.  a) 1 year

   2.  b) 2 years

   3.  c) 3 years

   4.  d) 4 years

Que. 5 : Q5) LIC of India now conducts actuarial valuation __________ .

   1.  a) Every quarter

   2.  b) Every half year

   3.  c) Every year

   4.  d) Every 5 years