IC01 PRINCIPLES OF INSURANCE - 32
Que. 1 : Q1) Expenses on ______________ are not covered in an health insurance policy.
1. a) critical surgery
2. b) domiciliary hospitalization
3. c) child birth
4. d) dental treatment
Que. 2 : Q2) Which of the following statement is correct?
1. a) Retention means the person exposed to the risks feels that he in a position to repel the loss
2. b) Retention means the person exposed to the risks feels that he in a position to pass on the loss
3. c) Retention means the person exposed to the risks feels that he in a position to avoid the loss
4. d) Retention means the person exposed to the risks feels that he in a position to bear the loss
Que. 3 : Q3) Which of the following terms is dissimilar to the other four options? (Find the odd-man out?)
1. a) Post-hospitalisation expenses
2. b) Expenses on treatment of pre-existing diseases
3. c) Reinstatement value
4. d) Funeral expenses
Que. 4 : Q4) When a reinsurer shares his loss exposure(s) with other reinsurer(s) , it is called as?
1. a) reinsurance
2. b) retrocession
3. c) retention
4. d) re-reinsurance
Que. 5 : Q5) Which of the following entities was nominated as the national insurer?
1. a) LIC
2. b) GIC
3. c) Oriental Insurance Company Limited
4. d) New India Assurance