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general knowledge Online Quiz - 2782

Description: general knowledge Online Quiz - 2782
Number of Questions: 20
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Tags: general knowledge
Attempted 0/20 Correct 0 Score 0

Type of limited payment policy that required only one premium payment?

  1. Fixed premium policy

  2. Single premium policy

  3. Initial premium policy

  4. None of the option


Correct Option: B

Mention the provisions unique to cash value policy?

  1. Free Look & Grace period

  2. Policy loan & Policy withdrawal

  3. Policy withdrawal & incontestability

  4. Grace period & reinstatement


Correct Option: B

Name the provision which provides the length of time within which a renewal premium may be paid without penalty

  1. Grace period provision

  2. Free look provision

  3. Reinstatement preovision

  4. Incontestability provision


Correct Option: A

Reserves are liabilities representing the amounts of money an insurer estimates it will need to pay its future obligations obligations.

  1. Contingency Reserves

  2. Policy Reserves

  3. All the options

  4. None of the options


Correct Option: B

Name the policy ownership method which is commonly used when policy is given as a Gift?

  1. Endorsement

  2. Endowment

  3. Recording Method

  4. None of the options


Correct Option: A

Another Name for Endorsement?

  1. Policy Term

  2. Policy Anniversary

  3. Policy Rider

  4. None of the options


Correct Option: C

Name the provision involved in Term Life Insurance?

  1. Renewal Provision

  2. Policy Loan Provision

  3. Policy Withdrawal Provision

  4. Grace period Provision


Correct Option: A

Identify the risk which cannot be insured?

  1. Pure Risk

  2. Fundamental Risk

  3. Speculative Risk

  4. Particular Risk


Correct Option: C

Identify the risk which includes the economic loss resulting from your being held responsible for harming others or their properties.

  1. Liability Risk

  2. Property Damaged Risks

  3. Speculative Risk

  4. Personal Risk


Correct Option: A

Mention the legal status of contract?

  1. Valid

  2. Void

  3. Voidable

  4. All the options


Correct Option: D

Name the provision which allows the policy owner to examine the policy

  1. Misstatement of Age or Sex Provision

  2. Free Look Provision

  3. Entire Contract Provision

  4. Incontestability Provision


Correct Option: B

Identify the method of premium payment?

  1. Email

  2. EFT

  3. Payroll

  4. All the options


Correct Option: D
  1. Only i & ii are correct

  2. Only ii & iii are correct

  3. All the options are correct

  4. Only i & iv are correct


Correct Option: C

During claim processing, what are the documents to be provided by claimant?

  1. Claim form

  2. Proof of Loss

  3. Insured person's photo

  4. All the Options


Correct Option: D

Mention the claims involved in claims processing?

  1. Mistaken claim

  2. Fradulent claim

  3. All the options

  4. None of the options


Correct Option: C
  1. a,b & c are correct

  2. b & c are correct

  3. a,b,c & d are correct

  4. a,c & d are correct


Correct Option: D

Rover weighs less than Fido. Rover weighs more than Boomer. Of the three dogs, Boomer weighs the least. If the first two statements are true, the third statement is

  1. true

  2. false

  3. uncertain

  4. none of the above


Correct Option: A

All the offices on the 9th floor have wall-to-wall carpeting. No wall-to-wall carpeting is pink. None of the offices on the 9th floor has pink wall-to-wall carpeting. If the first two statements are true, the third statement is

  1. true

  2. false

  3. uncertain

  4. none of the above


Correct Option: A

Tanya is older than Eric. Cliff is older than Tanya. Eric is older than Cliff. If the first two statements are true, the third statement is

  1. true

  2. false

  3. uncertain

  4. none of the above


Correct Option: B

Blueberries cost more than strawberries. Blueberries cost less than raspberries. Raspberries cost more than both strawberries and blueberries. If the first two statements are true, the third statement is

  1. true

  2. false

  3. uncertain

  4. none of the above


Correct Option: A
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