IC22 LIFE INSURANCE UNDERWRITING EXAM – 01

Q1.Which is the most common permanent treatment of hyperthyroidism?
 Medication.
 Surgery.
 Radioactive iodine therapy.
 Change in lifestyle.
 Chemotherapy.

 

Q 2.An individual suffering from asthma and residing in a high-altitude area is seeking insurance cover, in which type of risk category it will be considered by the life insurance company?
 Avocation risk.
 Residential risk.
 Occupational risk.
 Moral hazard risk.
 None of the above.

 

Q3.Under which investigation procedure, the applicant is asked to exercise on the treadmill to assess the functional capacity of the heart?
 ECG.
 Cardiac CT.
 Nuclear cardiology.
 Stress test.
 Coronary angiography.

 

Q4.Factors on which the retention limits are fixed are:
 Excess of loss, surplus.
Surplus and risk appetite.
 Excess of loss, size of the company.
 Risk appetite, quota share.
 Quota share, surplus.

 

Q5.If a person has taken the child plan with riders then under which condition, premium payments due in the future are waived off by the insurance company?
Only if the insured person dies who has taken the children’s plan.
 If there is a permanent disablement of the life assured which prevents him from gainful employment.
 In the case of total disability of the life insured.
 Only (a) & (c)
 All (a),(b)&(c)

 

Q6. Under which type of reinsurance, the case may be sent to more than one reinsurer for competitive offers of insurance cover?
 Treaty.
 Facultative.
 Catastrophe.
 Retention limits.
 Prudent.

 

Q7.Does light pass to which part of the eye before hitting the retina?
 Pupil.
 Lens.
 Cornea.
 All the above.
 Only (a) & (b)

 

Q8.Which Of The Following Is Not A Digestive System Disease?
 Diabetes Mellitus
 Diarrhea
 Constipation
 Hepatitis
 None

 

Q9._____Are Out Pouching Of The Wall Of An Artery That Supplies The Brain Which Can Rupture And Bleed Causing Subarachnoid Haemorrhage
 Arteriovenous Malformation
 Multiple Sclerosis
 Cavernous Malformation
 Brain Aneurysm(Cerebral Aneurysm)
 none

 

Q10.For insurance underwriting, risk assessment starts with an assessment of an individual’s__.
 Physical build.
 Personal factors.
 Environmental factors.
 Hereditary factors.
 All the above.

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