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Category: IC24 – LEGAL ASPECTS OF LIFE ASSURANCE – 25

IC24 – LEGAL ASPECTS OF LIFE ASSURANCE – 25

Que. 1 : Q1) Information Technology Act is designed to provide legal recognition for transactions carried out by means of electronic data interchange and other means of electronic communication, commonly referred to as _________.

   1.  a) electronic mail

   2.  b) electronic commerce

   3.  c) commerce

   4.  d) electronic record

Que. 2 : Q2) With regard to the composition of the IRDA which of the following is true?

   1.  a) The Authority shall consist of only Chairperson

   2.  b) The Authority shall consist of Chairperson and not more than four whole time members

   3.  c) The Authority shall consist of a Chairperson and not more than five whole time members and not more than four part time members

   4.  d) The Authority shall consist of Chairperson and not more than four whole time members

Que. 3 : Q3) Which of the following is one of the stages of Money Laundering?

   1.  a) Smurfing

   2.  b) Shell Companies

   3.  c) Layering

   4.  d) None of the above

Que. 4 : Q4) The code of conduct to be followed by life insurance agents is specified in ________.

   1.  a) Regulation 5

   2.  b) Regulation 6

   3.  c) Regulation 7

   4.  d) Regulation 8

Que. 5 : Q5) Which are all the documents required for death claim settlement?

   1.  a) Proof of death

   2.  b) Proof of age

   3.  c) Policy bond

   4.  d) All of the above