Q 1. While issuing a policy on sub standard basis, what are the options exercised by the insurer ?
Q 2. _____ is the intimation given by the insurer to the insured, informing him of expiry date of the existing policy and date before which he should review his policy by paying premium mentioned in the notice.
Q 3. _________ scenarios are ideal for Parametric insurance.
Q 4. Any delay in discharging the claim once the offer of settlement has been accepted by the insured, shall attract interest at a rate which is ____ above the prevailing bank rate.
Q 5. Depending on the area of specializations, which of the given underwriters can be classified as 'Personal and Commercial Line Underwriters' ?
Q 6. From the given list identify the goal of market conduct supervision of insurance business -
Q 7. In accordance to the File and Use guidelines, what are large risks ?
Q 8. In which of the following is the regulator NOT concerned when considering products evaluation ?
Q 9. Perils which can be a cause of ________ are covered under an insurance policy. 1. Injury 2. Loss 3. Damage
Q 10. State the case under which an insurer would charge higher premium - 1. When the driver is young 2. The vehicle is of a new model 3. The driver is experienced
Q 11. The needs of the customers can be identified by monitoring _______.
Q 12. The risk of 'Workmen?s compensation' is classified under which class of insurance ?
Q 13. What do market regulations cover - 1. Prices 2. Market practices 3. Regulation of insurer?s products
Q 14. What will the contents of general insurance policy include ? 1. Non ? competing clause 2. Non ? disclosure clause 3. Period of insurance
Q 15. Which is an exclusion under marine insurance for the proposal - 'Sanitary ware' ? 1. Loss due to sunken cargo 2. Breakage and chipping 3. Damage due to water
Q 16. Which of the following is/are rating factor for Motor Insurance ? 1. The Lingual preference 2. The annual income 3. The class of vehicle
Q 17. Which ratio is also called as 'age to age development' factor ?
Q 18. With regards to the Loss Ratio method, which of the below options holds true - 1. It is based on exposure 2. It requires existing rates 3. It gives indicated rates
Q 19. _______ are examples of Internal tariff rated products.
Q 20. A fast business cycle means ________ in untested areas for risk management.
Q 21. Based on the area of specializations which of the given underwriters can be classified as Liability Underwriters?
Q 22. Documentations for insurance also includes _____ . 1. The vision statement of insurer 2. Insurance renewal notice 3. The insurance agent code of conduct
Q 23. How can an insurer control his expenses? 1. By upgrading technology 2. By improving the efficiency and productivity of employees 3. By giving training to the employees
Q 24. In regard to an insurance policy, appropriate data includes information on ______ . 1. The policy holder 2. The regulator 3. The insurance agent
Q 25. List the exclusions under All Risk policies is / are - 1. Wear and Tear of delicate and fragile articles 2. Fire 3. Theft
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