Insurance Testing | Mock Test
___________ risk are insuable
__________person who decides weather to accept the risk or not?
A company which covers insurance for all its employes ___________
a. captive insurance company
b. mutual insurance company
In which form of insurance company will the customers have a dual relationship of customers as well as owner with the company?
a. Mutual Insurance Company
b. Syndicated insurance companies
The purpose of —————–is to make sure that the insured will not make profit from insurance
Which among these is a technique to counter moral hazard in Insurance?
a. Partial Insurance
b. Premium discounts on renewal.
c. Adhering to correct accounting practices.
d. Risk pooling among insurers
Insurance companies generally classify proposed insured who have a significantly greater-thanaverage likelihood of loss but who are still found to be
a. preferred risk
b. standard risk
c. substandard risk
d. declined risk
Buying an insurance policy is what kind of a risk handling technique?
By buying an insurance policy who assumes the risk?
By not buying a life insurance policy the person is ——the financial risk on his family due to the death