A professional dealing with the assessment and management of risk for insurance policies

is known as
A) Assignor
B) Insurer
C) Actuary
D) Administrators
Select one:
a. A
b. B
c. D

d. C 
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The correct answer is: C

Question 2
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In 2016, First IPO launched by which insurance company?

A) Oriental Insurance Company Ltd
B) ICICI Prudential Life Insurance
C) LIC
D) GIC Re
Select one:
a. C
b. B 
c. A

d. D
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Your answer is correct.
The correct answer is: B

Question 3
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In critical illness rider the benefit is payable at the time of 

A) Death of the life insured 
B) Diagnosis of the illness
C) Producing the medical bills
D) Discharge from the hospital
Select one:
a. A
b. C
c. D

d. B 
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The correct answer is: B

Question 4
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Hzards are:
A) Factors that increase the impact of losses
B) Factors that increase the frequency of losses
C) Factors that increase the impact and severity of losses
D) Factors that decrease the impact and severity of losses
Select one:
a. A
b. C
c. B 

d. D
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The correct answer is: C

Question 5
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______ has jurisdiction to entertain matters  where value of goods or services and the
compensation claim is up to 20 lakh
A) High court
B) District forum
C) State commission
D) National commission
Select one:
a. A
b. C
c. D

d. B 
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Your answer is correct.
The correct answer is: B

Question 6
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Under health insurance portability of policy means

A) The mediclaim policy can be serviced by any insurer
B) The mediclaim policy is portble for all the insured family members
C) The renewalof the existing policy can be offered to other insurance company keeping the
previous policy benefts intact
D) None of the above
Select one:
a. B
b. C 
c. D

d. A
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The correct answer is: C

Question 7
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Personal accident cover is only 

A) While travelliing abroad
B) While travellng in India
C) While travellng both abroad and in India
D) While travellng in India and neigbouring countries
Select one:
a. D
b. B 
c. C

d. A
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The correct answer is: C

Question 8
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______ is a representative of the insurance company and is governed by the princpal agent
relationship
A) Insurance agent
B) Broker
C) Banks
D) Underwriter
Select one:
a. C
b. A 
c. B

d. D
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The correct answer is: A

Question 9
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One of the eligibility criteria for rural insurnce

A) Population more than 5000
B) Population less than 5000
C) Population more than 10000
D) Population less thn 12000
Select one:
a. C 
b. A
c. D

d. B
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The correct answer is: B

Question 10
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Eligibility for a failed well insurance

A) Yields  up to 1000 gallons per hour 
B) Yields  up to 800 gallons per hour 
C) Yields  up to 500 gallons per hour 
D) None of the above
Select one:
a. D 
b. C
c. B

d. A
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The correct answer is: A