IC38 Insurance Agent Exam (Health) Mock Test 1

1. A person buys insurance to protect against uncertain events. This is an example of:

2. Ravi intentionally hides his diabetes while filling proposal form. This is:

3. A hospital provides basic treatment for fever and minor illness. This is:

4. A specialized cancer hospital is an example of:

5. If the same person has two insurance policies for same risk, claim will be settled using:

6. An insurer pays a claim and later recovers amount from third party. This is:

7. Which of the following is NOT a determinant of health?

8. A person installs fire alarms to reduce loss. This is:

9. Underwriting decision depends mainly on:

10. A proposer forgets to mention minor illness unknowingly. This is:

11. A person cancels policy within review period. This is:

12. Which document contains terms and exclusions?

13. A condition that increases risk is called:

14. Fire is an example of:

15. A person avoids risky activity completely. This is:

16. Which principle ensures no profit from insurance?

17. A policyholder hides smoking habit. This violates:

18. Which entity helps in cashless hospitalization?

19. A policy is modified to add family member. This is:

20. Insurance works effectively due to:

21. A claim is rejected due to non-disclosure. Reason is:

22. Which is NOT part of policy document?

23. Medical test is required to:

24. A person bears loss himself. This is:

25. Which factor is beyond control of individual?

26. A large number of similar risks help insurer in:

27. A customer reads product details before buying policy. This document is:

28. Insurance contract is:

29. Which is an example of asset?

30. Claim is:

31. Which is NOT healthcare level?

32. A hospital specialist treats patient. This is:

33. Advanced surgery is:

34. Which reduces financial burden?

35. Insurer is:

36. Insured is:

37. Premium is:

38. Insurance does NOT:

39. Which is legal proof of contract?

40. Which principle deals with main cause of loss?

41. Example of moral hazard:

42. Example of physical hazard:

43. Legal hazard relates to:

44. A person buys policy for family protection. This shows:

45. Which helps insurer in premium calculation?

46. Proposal form is basis of:

47. Incorrect information in proposal leads to:

48. Endorsement is:

49. Insurance is regulated by:

50. Insurance provides: