Insurwhiz By IBAI

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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

9 Questions2 MinutesCreated by LearningLion257

Regulations for micro insurance provide for a tie-up between ________ and _______

__________ is issued immediately as a conclusive evidence that the insurer has received the assignment request by the policyholder.

How can one assess if an insurance company will be able to meet its claims or not ?

'IAT' stands for ________

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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Insurwhiz By IBAI

Insurwhiz: Test Your Insurance Knowledge

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