Que. 1 : Which of the below is a guideline regarding portability of health policies?
   1.  On receipt of the Portability Form, the insurance company shall address the existing insurance company seeking necessary details of medical history and claim history of the concerned policyholder. This shall be done through the web portal of the IRDA.
   2.  The insurance company receiving such a request on portability shall furnish the requisite data in the data format for porting insurance policies prescribed in the web portal of IRDA within 7 working days of the receipt of the request.
   3.  In case the existing insurer fails to provide the requisite data in the data format to the new insurance company within the specified time frame, it shall be viewed as violation of directions issued by the IRDA and the insurer shall be subject to penal provisions under the Insurance Act, 1938.
   4.  All of the above
Que. 2 : Which of the below is a guideline regarding portability of health policies?
   1.  On receipt of the data from the existing insurance company, the new insurance company may underwrite the proposal and convey its decision to the policyholder in accordance with the Regulation 4 (6) of the IRDA (Protection of Policyholders’ interest) Regulations, 2002.
   2.  If on receipt of data within the above time frame, the insurance company does not communicate its decision to the requesting policyholder within 15 days in accordance with its underwriting policy as filed by the company with the Authority, then the insurance company shall not retain the right to reject such proposal and shall have to accept the proposal.
   3.  In case the policyholder has opted short period extension as stated above and there is a claim, then existing insurer may charge the balance premium for remaining part of the policy year provided the claims is accepted by the existing insurer. In such cases, policyholder shall be liable to pay the premium for the balance period and continue with existing insurer for that policy year.
   4.  All of the above
Que. 3 : Which of the below is a guideline regarding portability of health policies?
   1.  In order to accept a policy which is porting-in, insurer shall not levy any additional loading or charges exclusively for the purpose of porting
   2.  No commission shall be payable to any intermediary on the acceptance of a ported policy.
   3.  In case the policyholder has opted short period extension as stated above and there is a claim, then existing insurer may charge the balance premium for remaining part of the policy year provided the claims is accepted by the existing insurer. In such cases, policyholder shall be liable to pay the premium for the balance period and continue with existing insurer for that policy year.
   4.  All of the above
Que. 4 : Which of the below is a guideline regarding portability of health policies?
   1.  The portability shall be applicable to the sum insured under the previous policy and also to an enhanced sum insured, if requested by the insured, to the extent of cumulative bonus acquired from the previous insurer(s) under the previous policies.
   2.  A policyholder wanting to port his policy to another insurance company has to apply to such insurance company, to port the entire policy along with all the members of the family, if any, at least 45 days before the premium renewal date of the existing policy.
   3.  The new insurer may or may not offer portability if policyholder fails to make an application in the IRDAI-prescribed form at least 45 days before the premium renewal date.
   4.  All of the above
Que. 5 : Insurers shall clearly draw the attention of the policyholder in the policy contract and the promotional material like prospectus, sales literature or any other documents in any form whatsoever, that
   1.  all health insurance policies are portable
   2.  Policyholder should initiate action to approach another insurer, to take advantage of portability, well before the renewal date to avoid any break in the policy coverage due to delays in acceptance of the proposal by the other insurer.
   3.  Both of the above
   4.  None of the above
Que. 6 : Which of the below statement is correct regarding portability?
   1.  In case the waiting period for a certain disease or treatment in the new policy is longer than that in the earlier policy for the same disease or treatment, the additional waiting period should be clearly explained to the incoming policy holder in the portability form to be submitted by the porting policyholder.
   2.  For group health insurance policies, the individual member’s shall be given credit as stated above based on the number of years of continuous insurance cover, irrespective of, whether the previous policy had any pre-existing disease exclusion/time bound exclusions.
   3.  Both of the above
   4.  None of the above
Que. 7 : Which of the below statement is correct regarding portability?
   1.  The existing policy shall be allowed to be extended, if requested by the policyholder, for the short period by accepting a pro- rate premium for such short period, which shall be of at least one month
   2.  The existing policy shall not be cancelled until such time a confirmed policy from new insurer is received or at the specific written request of the insured
   3.  Both of the above
   4.  None of the above
Que. 8 : Which of the below statement is correct regarding portability?
   1.  The new insurer, in all such cases, shall reckon the date of the commencement of risk to match with date of expiry of the short period, wherever relevant.
   2.  If for any reason the insured intends to continue the policy further with the existing insurer, it shall be allowed to continue by charging a regular premium and without imposing any new condition.
   3.  Both of the above
   4.  None of the above
Que. 9 : Which of the below is a tool of underwriting?
   1.  Proposal form
   2.  Proposal form
   3.  Both of the above
   4.  None of the above
Que. 10 : Which of the below is a tool of underwriting?
   1.  Financial documents
   2.  Medical reports
   3.  Both of the above
   4.  None of the above

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