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Category: IC45 GENERAL INSURANCE UNDERWRITING – 07

IC45 GENERAL INSURANCE UNDERWRITING – 07

Que. 1 : Q1) Natural disaster risk such as earthquakes, flood, tsunami, etc., is an example of which products?

   1.  a) Class rate products

   2.  b) Internal tariff rated products

   3.  c) Exposure rated products

   4.  d) Insurance of large risks

Que. 2 : Q2) Which type of premium rating approach is used in Group Mediclaim and Group personal Accident Policies?

   1.  a) Prospective rating method

   2.  b) Retrospective rating method

   3.  c) Merit rating method

   4.  d) Schedule rating method

Que. 3 : Q3) The __________ stipulates various disclosures-financial and others, which have to be complied with by insurers.

   1.  a) RBI

   2.  b) IRDA

   3.  c) Agent

   4.  d) SEBI

Que. 4 : Q4) In Motor third party insurance in India, the claim settlement duration can extend anywhere from _________ years.

   1.  a) 1-5 years

   2.  b) 5-15 years

   3.  c) 3-10 years

   4.  d) 10-20 years

Que. 5 : Q5) Which of the following is correct?

   1.  a) Gross premium = Risk premium + Load

   2.  b) Net premium = Pure risk premium + Load

   3.  c) Gross premium = Pure risk premium + Load

   4.  d)Net premium = Pure risk premium + Load