IC14 REGULATION OF INSURANCE BUSINESS - 21
Que. 1 : Q1) Within how many days has the appeal against order of IAT to be filed ?
1. a) 10 days
2. b) 30 days
3. c) 45 days
4. d) 60 days
Que. 2 : Q2) How is the refund of premium paid to the insured ?
1. a) Only in cash
2. b) By Demand Draft
3. c) By Pay Order
4. d) By Crossed cheque
Que. 3 : Q3) The policy administrative charges for a ULIP cannot be_______________.
1. a) more than 1% per annum
2. b) more than 2% per annum
3. c) more than 3% per annum
4. d) more than 5% per annum
Que. 4 : Q4) When a person attempts to dispose the cash that arises from drug trafficking by Buying a Single Premium Endowment Policy with an Insurance Company , Which stage of Money Laundering Process is that?
1. a) placement
2. b) layering
3. c) integration
4. d) replacement
Que. 5 : Q5) The state commission deals With the complaints where value of goods and services exceeds
1. a) Rs. 20 lac but does not exceed Rs. 50 lac .
2. b) Rs. 20 lac but does not exceed Rs. 75 lac.
3. c) Rs. 20 lac but does not exceed Rs. 1 crore
4. d) no such limit is fixed.