Tuesday, 20 August 2019

lic agent IC-38 exam set-16

 LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-16

CHAPTER 16 : REGULATORY ASPECTS

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IC-38 Online Mock Test for LIC agency Exam preparation SET-16

Question-1

Licence to work as an insurance agent is issued by __________.
[A]. General Insurance Corporation (GIC) [B]. Insurance Regulatory & Development Authority (IRDA)
[C].State Bank of India (SBI) [D]. Post office

Question-2

Applicant shall complete ______ hours training to become an insurance agent.
[A]. 50 [B].100
[C].30 [D]. 25

Question-3

Agent’s licence is to be renewed __________.
[A]. Every year [B].After 5 years
[C].After 3 years [D]. After 15 years

Question-4

If an agent is found guilty of criminal misappropriation the designated person will ____.
[A]. Cancel the licence [B].Issue a duplicate licence
[C].Renew the existing licence [D]. Take some fees from the agent

Question-5

__________ may deal with more than one life insurance company or general insurance company or both.
[A]. Agent [B].Surveyor
[C].Composite agent [D]. None of the above

Question-6

Insurance agent represents the __________.
[A]. Insurance company [B].Sub-agent
[C].Co-agent [D]. Broker

Question-7

__________ is the fees payable to the Authority for issue / renewal of licence to Act as an insurance agent or composite insurance agent.
[A]. 250 [B].150
[C].520 [D]. 100

Question-8

The Authority may issue duplicate licence in case it is ____________.
[A]. Lost [B].Destroyed
[C].Mutilated [D]. All of the above

Question-9

Minimum qualification required for insurance agent is _______ pass.
[A]. Graduate [B].10th
[C].Post-graduate [D]. 7th

Question-10

Identify the statement which is not correct. Insurance agent should __________.
[A]. Indicate the scale of commission if asked by the customer [B].Share the commission by way of rebate
[C].Disclose his licence on demand [D]. Indicate the premium to be charged

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 LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus in HINDI # SET-30 ...