Q-11- Loss adjusters should experts in ______ and _______ skills.
- logical, leadership
- reasoning, managerial
- logical, people management
- analytical, people management
Option-4 analytical and people management
Q-12- All insurers have to maintain seperate investment accounts for the __________ and __________.
- brokers and agents
- shareholders and stakeholders
- shareholders and policyholders
- underwriters and claim managers
Option-3 Shareholders and policyholders, investment accounts are seperately mantain by the insurers.
Q-13- Every company insures life of __________.
- Management
- key employees
- Technical employees
- Marketing employees
Option-2 Every company insures life of its key employees.
Q-14- Term life insurance policy premiums are _________ than those for whole life insurance policies.
- more costly
- less costly
- equal costly
- can’t say
Option-2 Term life insurance policy premium are less costly than those of whole life insurance policies.
Q-15- According to IRDA regulation, the _______ has to identified as the income over the contract period or the period of risk, whichever is suitable.56
- Premium
- Brokerage
- Commission
- none of above
Option-1 Premium
Q-16- Public insurance is also known as __________, which helps the people below the poverty line or people who cannot face the basic risks themselves.
- BPL insurance
- Social insurance
- Public insurance
- General insurance
Option-2 Public isnurance is also known as ‘Social Insurance’.
Q-17- The Expanded form of AAR is
- Against All Risk
- Annual All Return
- Annual Average Risk
- Against Average Risk
Option-AAR stands for Against All Risk.
Q-18- Who calculates annuity and insurance premium?
- Insurer
- Investor
- Actuary
- Claim Manager
Option-3 Actuary is the person who calculates annuity and insurance premium.
Q-19- In order to reduce the burden of Risk, Insurer passes the portion of risk to other company is known as ________
- Reinsuracne
- Broker House
- Double Insurance
- Captive Insurance
Option-1 To reduce the burden of Risk, Insurer passes the portion of risk to other company is called as Reinsurance.
Q-20- The alternative appraoch to checklist is
- Event Analysis
- Threat Analysis
- Operability Study
- Minimum level Analysis
Option-2 Threat analysis is an alternative apporach to identify the threats or risks.
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