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Category: IC45 GENERAL INSURANCE UNDERWRITING – 16

IC45 GENERAL INSURANCE UNDERWRITING – 16

Que. 1 : Q1) Which of the following is rule based underwriter of products?

   1.  a) Individual experience rated products

   2.  b) Internal tariff rated products

   3.  c) Exposure rated products

   4.  d) Packaged/customised products

Que. 2 : Q2) The Board approved Underwriting policy is required to be filed with_______________.

   1.  a) The Insurer

   2.  b) The Regulator

   3.  c) The Underwriter

   4.  d) The Agent

Que. 3 : Q3) If premuim is kept ________: the company charges too little, it could become insolvent when large claims, whether by frequency or severity, are filed.

   1.  a) Low

   2.  b) High

   3.  

   4.  

Que. 4 : Q4) Standard Fire and Special perils policy, Motor Comprehensive insurance etc., are examples of which insurance policy?

   1.  a) All Risks cover

   2.  b) Named peril policy

   3.  c) Special cover

   4.  d) Multi peril policy

Que. 5 : Q5) Design and filling of products should only be done in conformity with the underwriting policy approved by ___________ .

   1.  a) Board of Directors

   2.  b) Agent

   3.  c) Principal

   4.  d) Cusotmer