English New IC33 Paper 4

Que. 1 : 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.  None of the above
Que. 2 : If client asks the insurance agent to disclose his license and scable of commission, the agent should _________________
   1.  Disclose both
   2.  Not disclose to client
   3.  Run away
   4.  Ask the client to call at company.
Que. 3 : An insurance agent can________________ that the insurance company will pay a certain amount of money if ___________________occur.
   1.  Pay the premium; lapsation
   2.  Pay sum assured ; death
   3.  Promise ; misfortune
   4.  Not promise ; misfortune
Que. 4 : An insurance agent cannot after any rebates on premium under section ________________
   1.  41
   2.  24
   3.  42
   4.  14
Que. 5 : Which are regulatory bodies in economic sector to regulate various economic organizations?
   1.  RBI
   2.  SEBI
   3.  IRDA
   4.  All of the above
Que. 6 : Identify the statement which is not correct.
   1.  All insurance policy wordings, rates and the documents issued by insurance companies are scrutinized and approved by IRDA.
   2.  The advertisements issued by insurers are also regulated by IRDA.
   3.  Insurance Regulatory and Development Authority (IRDA) Act, 1999, created the IRDA as an independent authority for the purpose of regulating the insurance industry.
   4.  The advertisements issued by insurers are also regulated by IRDA & RBI.
Que. 7 : IRDA has issued directions to ensure that the insurance company targets____________________
   1.  Rural areas of the country
   2.  Weaker sections of the population
   3.  Both of above
   4.  None of the above
Que. 8 : Entities regulated by IRDA are :
   1.  Agents, corporate agents, brokers,
   2.  Surveyors, third party administrators (TPAs)
   3.  Insurance companies
   4.  All of the above
Que. 9 : IRDA has prescribed regulations for protecting the interests of policyholders stipulating obligations on
   1.  Insurers
   2.  Intermediaries
   3.  All of the above
   4.  None of the above
Que. 10 : 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

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