IC14 REGULATION OF INSURANCE BUSINESS - 04
Que. 1 : Q1) Renewal Fee for Licence for Corporate Agent is
1. a) Rs 1000
2. b) Rs 500
3. c) Rs 100
4. d) Rs 250
Que. 2 : Q2) Minimum qualification required for an insurance agent is _______ pass.
1. a) Graduate
2. b) 10th
3. c) Post-Graduate
4. d) 7th
Que. 3 : Q3) Choose the Correct Option. Statement A: Life insurer will invest not less than 25% in Central Government Securities. Statement B: Life insurer will invest not less than 50% in Central & State Government Securities.
1. a) Statement A
2. b) Statement B
3. c) Both
4. d) None
Que. 4 : Q4) The objective of the 'Key feature document' is_______________.
1. a) To educate the customer on insurance industry
2. b) To enable the agent to make a quick sale
3. c) To enable the policyholder to take a decision as to whether the product suits him or her
4. d) To explain how the product is superior to competition
Que. 5 : Q5) The Grievance Redressal Authority (GRA) selection committee consists of members of _________.
1. a) National Councils
2. b) State Councils
3. c) Consumer Councils
4. d) Insurance Councils