English IC33 Latest Paper 7

Que. 1 : Who may cancel the license of an Insurance Agents ?
   1.  IRDA
   2.  Designated Person
   3.  Insurer
   4.  Grievance redressal Cell
Que. 2 : Which of the below is a type of engineering insurance policy ?
   1.  Contractors Public Liability policy
   2.  Contractors Plant and machinery policy
   3.  All of the above
   4.  None of the above
Que. 3 : Mr. Roy had a Life insurance policy of 20 lacs. After his sudden demise his family claimed the same from the Insurer but the insurer rejected the same. Then they applied for a justice in COPA District level. Being unhappy with COPA’s decision they further applied to the Insurance ombudsman. will ombudsman take the case ?
   1.  No, because the case was in COPA
   2.  Yes
   3.  No, because it was beyond Ombudsman limit
   4.  None of the above
Que. 4 : As per the _______________, an agent is one who is licensed under Section 42 of the Act, authorized to be a salesman for insurance.
   1.  Stamp Act
   2.  Insurance Act
   3.  Indian Contract Act
   4.  Income Tax
Que. 5 : Four major areas of unethical behaviour that have been identified in the insurance sector are as follows
   1.  Misrepresentation, Illustrations, Recharge, Advice
   2.  Miscalculation, Illustrations, Replacement, Advice
   3.  Misrepresentation, Illustrations, Replacement, Action
   4.  Misrepresentation, Illustrations, Replacement, Advice
Que. 6 : The premium in burglary depends on:
   1.  Location of premises
   2.  Security measures
   3.  Nature of property
   4.  All of the above
Que. 7 : Composite insurance agents
   1.  Who hold licenses to act as agent for more than one non life insurance companies
   2.  Who hold license to act as agent for both a life insurer and a general insurer
   3.  Who hold licenses to act as agent for more than one life insurance companies
   4.  Who hold license to act as agent for reinsurance business
Que. 8 : Which of the below is a type of Marine policy ?
   1.  Specific Policy
   2.  Open policy
   3.  Open Cover
   4.  All of the above
Que. 9 : An Insurance agent, after applying for license can be disqualified under section___
   1.  Section 42, sub section (4)
   2.  Section 41
   3.  Section 44
   4.  Section 44
Que. 10 : The following forms are to be submitted by the beneficiary with the insurer to facilitate processing of the claim:
   1.  Employer’s certificate
   2.  Certified court copies of police reports like First Information Report (FIR), Inquest Report, Post-Mortem Report, Final Report which are required in case of death by accident.
   3.  All of the above
   4.  None of the Above