Insurwhiz By IBAI
Insurwhiz: Test Your Insurance Knowledge
Welcome to Insurwhiz, a quiz designed to challenge your understanding of micro insurance regulations, industry practices, and essential concepts in the insurance field. Whether you're a student, professional, or simply interested in insurance, this quiz is for you!
- Multiple choice questions to assess your knowledge
- Instant feedback on your answers
- Learn about key insurance terms and regulations
Regulations for micro insurance provide for a tie-up between ________ and _______
Insurer and Agents
Agents and Insured
Low income people and Insurers
Bonus holders and Company
Life insurer and Non life insurer
__________ is issued immediately as a conclusive evidence that the insurer has received the assignment request by the policyholder.
Policy acknowledgement
Acknowledgement letter
Cover Note
Form 5 A
Form 25
How can one assess if an insurance company will be able to meet its claims or not ?
Price Earning Ratio
Profitability of the company
Share Capital of the company
EBITA %
Solvency Ratio
'IAT' stands for ________
Intelligent Agent Technology
Investment Analysis Team
Indian Actuaries Tribunal
Insurance Appellate Tribunal
Internal and Applied Taxes
An insurance company, Sun Insurance Co. Claims that if the loss is proximately caused by an excepted peril, there is no liability under the policy. Is this argument valid ?
No, its not valid as there is no such provision in the insurance law
No, its not valid as there cannot be an ‘excepted peril’
Yes, Sun Insurance Co. Is correct in its claim
Cannot say as it depends which rules of interpretation are applied to the words in the contract
Cannot say as it depends on the wordings of the contract
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