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English IC33 New Syllabus Paper 4

Que. 1 : _____________ may deal with more than one life insurance company or general insurance company or both.
   1.  Composite agent
   2.  Agent
   3.  Surveyor
   4.  None of the above
Que. 2 : For seeking license to act as a composite agent one has to complete from an IRDA approved institution at least ____________________
   1.  75 hrs practical training
   2.  100 hrs practical training
   3.  60 hrs practical training
   4.  65 hrs practical training
Que. 3 : “Soliciting or procuring only new insurance business is my duty” says Ram, an agent of XYZ ins co, which is a wrong statement. According to sec 42 of insurance act 1938, find which one is correct?
   1.  Agent need not do renewal service or revival of policies
   2.  Soliciting or procuring insurance business including new and renewals and not revival
   3.  Soliciting or procuring insurance business including business relating to the continuance, renewal or revival of policies of insurance
   4.  All the above are wrong
Que. 4 : Applicant shall complete ______ hours training to become an insurance agent.
   1.  50
   2.  25
   3.  75
   4.  100
Que. 5 : License to work as an insurance agent is issued by __________.
   1.  Insurance Regulatory & Development Authority (IRDA)
   2.  General Insurance Corporation (GIC)
   3.  State Bank of India (SBI)
   4.  Post office
Que. 6 : __________ is the fees payable to the Authority for issue / renewal of license to Act as an insurance agent or composite insurance agent.
   1.  250
   2.  370
   3.  120
   4.  100
Que. 7 : The Authority may issue duplicate license in case it is ____________.
   1.  Lost
   2.  Destroyed
   3.  Mutilated
   4.  All of the above
Que. 8 : As per the Insurance Act 1938 (section 42) the issuance of licenses is dealt by ______________________
   1.  Insurance institute of India
   2.  Central Govt.
   3.  Insurance Company
   4.  IRDA
Que. 9 : An insurance Agent receivers commission in consideration of soliciting insurance business under section ________________________
   1.  Section 42
   2.  Section 41
   3.  Life Insurance Corporation Act 1956
   4.  Section 45
Que. 0 : A composite insurance agent acts for ___________________
   1.  One Life insurance Co. and one General Insurance.
   2.  Two Life insurance companies
   3.  Two General insurance companies
   4.  Only one Life Insurance Co.

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