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irda exam paper general insurance |
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Re: irda exam paper general insurance
As you want here I am providing IRDA General Insurance Exam Paper on your demand : I. Select the appropriate answer to complete the sentence (Checking learning - Direct) i. As per structured formula under the Motor Vehicle Act, victims of fatal injuries are paid compensation on the basis of: a. Age and sex b. Age and number of dependents c. Income and size of family d. Age and income e. Income and number of dependents Ans: d. Age and income. ii. As per the Insurance Act, every insurer has to prepare at the end of financial year a. Balance Sheet b. Profit and Loss Account c. Revenue Account for each class of Insurance business d. Accounts of receipts and payments in respect of share-holders’ funds e. All of the above Ans: e. All of the above II. State which of the statements is/are correct (Checking learning - Direct) i. The Third Party Administrator’s role mainly involves a. Canvassing business for the insurer. b. Issuing documents on behalf of the insurer c. Arranging for reinsurance d. Sending renewal notices e. Checking and paying insurance claims Ans: e. Checking and paying insurance claims ii. Time Policies relate to: a. Fire insurance b. Hull insurance c. Personal Accident insurance d. Workmen’s Compensation insurance e. Motor vehicles insurance Ans: b. Hull insurance III. Answer the questions below by selecting the correct answer: (Checking learning - Direct) i. Which clause specifies the perils insured in a scheduled form of policy? a. Preamble Clause b. Recital Clause c. Operative Clause d. Consideration Clause e. Attestation Clause Ans: c. Operative Clause ii. Which of the following types of insurances is mandatory? a. Motor Own Damage b. Motor Third Party Legal Liability c. Personal Accident Insurance d. Product Liability e. Professional Liability Ans: b. Motor Third Party Legal Liability IRDA General Insurance Exam Paper |
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