Q-11- Which of these statements is/are correct?
Statement I-Known as the GIC Re, it remained the only reinsurance company in the country till now.
Statement II- The reinsurance industry is regulated by the IRDA in the country.
- Both are true
- Both are false
- Statement I is true, II is false
- Statement I is false, II is true
Option-1 Both above statements are True.
Q-12- A policyholder asked his insurance agent for guidance on submitting a claim for the maturity benefit under his life insurance policy. Due to pressure of work, the agent declined to assist. Consequently, this action is deemed to be a breach of the
- General Insurance Council’s guidelines
- Insurance Regulatory and Development Authority’s Code of Conduct
- Both above
- None of these
Option-2 It is a breach of IRDAI code of conduct
Q-13- IRDA’s regional office in Delhi was set up in
- 14th January, 2015
- 14th January, 2016
- 24th January, 2014
- 24th January, 2015
Option-3 IRDA’s regional office in Delhi set up in 24th January 2014.
Q-14- IRDA’s regional office in Mumbai was set up in
- 1st October 2014
- 1st October 2015
- 1st October 2016
- 1st October 2017
Option-2 IRDA’s regional office in Delhi set up in 1st October 2015.
Q-15- IRDA change to IRDAI in
- December 25, 2012
- December 26, 2013
- December 26, 2014
- December 25, 2015
Option-3 IRDA change to IRDAI in December 26, 2014
Q-16- IRDA set up on the recommendation of
- Malhotra Committee
- Banerjee Committee
- Chalapathi rao Committee
- None of above
Option-1 IRDA was set up on recommendation of Malhotra committee
Q-17- Chairman of Malhotra Committee was ___________
- R.N. Malhotra
- D.K. Malhotra
- A.J. Malhotra
- None of these
Option-1 Chairman of Malhotra Committee was Mr. R.N.Malhotra
Q-18- Which of the following is the predecessor of IRDA Act,1999?
- The Insurance Act 1938
- The Marine Insurance Act, 1963
- The Public Liability Insurance Act, 1991
- The Life Insurance Corporation Act, 1956
Option-1 The Insurance act, 1938 is the predecessor of the IRDA Act,1999.
Q-19- Which of the following defines a proposal form?
- IRDA Act, 1999
- Insurance Act, 1938
- IRDA (Licensing of Agents) Regulations, 2000
- IRDA (Protection of Policyholders’ Interests) Regulations, 2002
Option-4 IRDA (Protection of Policyholders’ Interests) Regulations, 2002 defines a proposal form