#1
4th March 2016, 11:45 AM
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IRDA Licentiate Exam- Question And Answers
Will you please give here sample question paper with answer for Licentiate Exam of Insurance Regulatory and Development Authority (IRDA) ?
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#2
4th March 2016, 12:14 PM
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Re: IRDA Licentiate Exam- Question And Answers
As you want I am here giving you sample question paper with answer for Licentiate Exam of Insurance Regulatory and Development Authority (IRDA). Licentiate Exam Sample Paper : i. Insurance business is transacted in India primarily as per the provisions of: a. Insurance Regulatory and Development Authority Act, 1999 b. Insurance Act, 1938 c. Life Insurance Corporation Act, 1956 d. Employees State Insurance Act, 1948 e. Motor Vehicles Act 1938 Ans: b. Insurance Act, 1938. ii. Section 64 C of the Insurance Act, 1938 contains provisions relating to: a. Insurance Regulatory and Development Authority b. Life Insurance Corporation of India c. The Life Insurance Council d. General Insurance Corporation of India e. Tariff Advisory Committee Ans: c. The Life Insurance Council II. State which of the statements is/are correct (Checking learning - Direct) i. Functions of the Executive Committee of the General Insurance Council includes: a. To advise and assist general insurers b. To underwrite general insurance business c. To advise and assist life insurance companies d. To settle all complicated general insurance claims e. To audit all general insurance companies Ans: a. To advise and assist general insurers ii. As per IRDA Regulations, insurers should ensure that their advertisements present a correct picture. This provision is most important in the case of: a. The Government b. Insurance Regulatory and Development Authority c. Auditors d. Policyholders e. Shareholders Ans: d. Policyholders III. Answer the questions below by selecting the correct answer: (Checking learning - Direct) i. Which provision of the Insurance Act 1938 specifies about nomination by policyholder? a. Section 38 b. Section 39 c. Section 40 d. Section 41 e. Section 45 Ans: b. Section 39 ii. Which Regulation of IRDA provides for a Grievance Redressal Procedure? a. IRDA (Policyholders’ Interests) Regulations, 2002 b. IRDA (Meetings) Regulations, 2000 c. IRDA (Regulation of Indian Insurance Companies) Regulations, 2000 d. IRDA (Reinsurance Advisory Committee) Regulations, 2001 e. IRDA (Micro-insurance) Regulations, 2005 Ans: a. IRDA (Policyholders’ Interests) Regulations, 2002 Licentiate Exam Sample Paper : IRDA |