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29 views2 pages

Insurance Documents

Uploaded by

abhiinfoway626
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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INSURANCE DOCUMENTS CSC-VLE TRAINING

OBJECTIVE TYPE QUESTIONS


1. Which one of the following statements is correct?
a. The policy is the basis of the insurance contract.
b. The proposal is the basis of the insurance contract.
a. A is correct
b. B is correct
c. Both (a) and (b) statements are correct.
d. Both (a) and (b) statements are wrong.

2. Which one of the following statements is correct?


a. The proposal must be written by the proposer himself/ herself.
b. The proposal can be written by the Agent.
a. A is correct
b. B is correct
c. Both (a) and (b) statements are correct.
d. Both (a) and (b) statements are wrong.
3. Which one of the following statements is correct?
a. The information in the proposal form is used for underwriting.
b. Wrong information in the proposal form can nullify the insurance contract.

a. A is correct
b. B is correct
c. Both (a) and (b) statements are correct.
d. Both (a) and (b) statements are wrong.
4. Which of the following are confidential and will not be given to the proposer?
a. The medical report.
b. The agent‟s confidential report to the insurer.
c. The medical referee‟s advice.
d. All the above.

a) A is correct
b) B is correct
c) Both (a) and (b) statements are correct.
d) All statements are correct.

5. Which one of the following statements is correct?


a. FPR is the evidence of the insurance contract.
b. The medical report is the basis of the insurance contract.

a) A is correct
b) B is correct
c) Both (a) and (b) statements are correct.
d) All statements are correct.

5
INSURANCE DOCUMENTS CSC-VLE TRAINING

6. Which one of the following statements is correct?


a. The FPR is proof of commencement of risk.
b. Risk does not commence till the policy is signed.
a) A is correct
b) B is correct
c) Both (a) and (b) statements are correct.
d) All statements are correct.
7. If a policyholder applies for cancellation of policy soon after he receives the FPR
a. The full premium will be refunded.
b. The full premium after some small deduction will be refunded.
c. The policy will be treated as lapsed from the next premium due date.
d. He will be debarred from taking any further insurance policies.
a) A is correct
b) B is correct
c) Both (a) and (b) statements are correct.
d) All statements are correct.
8. Which one of the following statements is correct?
a. FPR is cash receipt.
b. Renewal Premium cannot be paid without the renewal notice.

a) A is correct
b) B is correct
c) Both (a) and (b) statements are correct.
d) All statements are correct.
9. Which one of the following statements is correct?
a. IRDA has prescribed proposal forms for all insurers.
b. Renewal premium cannot be paid without the renewal notice.

a) A is correct
b) B is correct
c) Both (a) and (b) statements are wrong.
d) All statements are correct.
10. Which one of the following statements is correct?
a. If policy document is lost the insurance contract becomes void.
b. The family history appears in the personal statement.
a) A is correct
b) B is correct
c) Both (a) and (b) statements are correct.
d) All statements are correct.

1 2 3 4 5
B A C D A
6 7 8 9 10
A B A C A

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