Page 233 - IC38 GENERAL INSURANCE

Self-Examination Questions

Question 1

Which of the following factor does not affect the morbidity of an individual?

I. Gender
II. Spouse job
III. Habits
IV. Residence location

Question 2

According to the principle of indemnity, the insured is paid for __________.

I. The actual losses to the extent of the sum insured
II. The sum insured irrespective of the amount actually spent
III. A fixed amount agreed between both the parties
IV. The actual losses irrespective of the sum assured

Question 3

The first and the primary source of information about an applicant, for the
underwriter is his ________________.

I. Age proof documents
II. Financial documents
III. Previous medical records
IV. Proposal form

Question 4

The underwriting process is completed when ___________________.

I. All the critical information related to the health and personal details of the
proposer are collected through the proposal form

II. All the medical examinations and tests of the proposer are completed
III. The received information is carefully assessed and classified into

appropriate risk categories
IV. The policy is issued to the proposer after risk selection and pricing.

Question 5

Which of the following statements about the numerical rating method is
incorrect?

I. Numerical rating method provides greater speed in the handling of a large
business with the help of trained personnel.

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