This document provides a sample of examination questions for the Pre-Contract Examination for Insurance Agents conducted by The Malaysian Insurance Institute. It contains instructions for candidates on the exam format and procedures. The exam consists of 100 multiple choice questions divided into two parts - Part A on basics of insurance (questions 1-50) and Part C on life insurance (questions 101-150). The duration of the exam is two hours.
This document contains a multiple choice quiz with 58 questions related to insurance concepts. The questions cover topics like types of risks, roles of insurance agents, characteristics of insurable risks, principles of insurance contracts, types of insurance policies and annuities. The correct answers are also provided.
Sharing with you my dear readers who may find it useful.
Feel free to connect with me at maxermesilliam@gmail.com.
P/S: taken the insurance exam but has yet to practice as an insurance agent.
Sharing with you my dear readers who may find it useful.
Feel free to connect with me at maxermesilliam@gmail.com.
P/S: taken the insurance exam but has yet to practice as an insurance agent.
Sharing with you my dear readers who may find it useful.
Feel free to connect with me at maxermesilliam@gmail.com.
P/S: taken the insurance exam but has yet to practice as an insurance agent.
This document contains a practice exam for Part A and C of the PCE (Professional and Commercial Examination). Part A focuses on the basics of insurance, including definitions of key terms like insurance, risk, and probability. It also covers topics like the development of the insurance industry, regulation of insurance in Malaysia, risk management techniques, and characteristics of insurable risks. Part C focuses specifically on life insurance, testing knowledge of topics like determining premium rates, concepts of utmost good faith and insurable interest. The exam contains multiple choice questions testing understanding of these insurance fundamentals.
Sharing with you my dear readers who may find it useful.
Feel free to connect with me at maxermesilliam@gmail.com.
P/S: taken the insurance exam but has yet to practice as an insurance agent.
This document appears to be a study guide or practice exam for an insurance licensing exam. It contains multiple choice questions across 7 chapters covering topics like the definition of insurance, types of risks, insurable risk characteristics, roles of different insurance industry professionals and organizations, insurance contracts and regulations. The questions are at a basic level, testing foundational insurance concepts.
This document contains 34 multiple choice questions that assess knowledge of insurance concepts and practices. The questions cover topics such as essential features of insurance, insurable and non-insurable risks, risk management techniques, loss prevention methods, insurance contracts and considerations, roles of intermediaries, regulation of the insurance industry, and marketing and sales strategies. The questions appear to be part of a practice exam or training assessment for the insurance industry.
This document contains a multiple choice quiz with 58 questions related to insurance concepts. The questions cover topics like types of risks, roles of insurance agents, characteristics of insurable risks, principles of insurance contracts, types of insurance policies and annuities. The correct answers are also provided.
Sharing with you my dear readers who may find it useful.
Feel free to connect with me at maxermesilliam@gmail.com.
P/S: taken the insurance exam but has yet to practice as an insurance agent.
Sharing with you my dear readers who may find it useful.
Feel free to connect with me at maxermesilliam@gmail.com.
P/S: taken the insurance exam but has yet to practice as an insurance agent.
Sharing with you my dear readers who may find it useful.
Feel free to connect with me at maxermesilliam@gmail.com.
P/S: taken the insurance exam but has yet to practice as an insurance agent.
This document contains a practice exam for Part A and C of the PCE (Professional and Commercial Examination). Part A focuses on the basics of insurance, including definitions of key terms like insurance, risk, and probability. It also covers topics like the development of the insurance industry, regulation of insurance in Malaysia, risk management techniques, and characteristics of insurable risks. Part C focuses specifically on life insurance, testing knowledge of topics like determining premium rates, concepts of utmost good faith and insurable interest. The exam contains multiple choice questions testing understanding of these insurance fundamentals.
Sharing with you my dear readers who may find it useful.
Feel free to connect with me at maxermesilliam@gmail.com.
P/S: taken the insurance exam but has yet to practice as an insurance agent.
This document appears to be a study guide or practice exam for an insurance licensing exam. It contains multiple choice questions across 7 chapters covering topics like the definition of insurance, types of risks, insurable risk characteristics, roles of different insurance industry professionals and organizations, insurance contracts and regulations. The questions are at a basic level, testing foundational insurance concepts.
This document contains 34 multiple choice questions that assess knowledge of insurance concepts and practices. The questions cover topics such as essential features of insurance, insurable and non-insurable risks, risk management techniques, loss prevention methods, insurance contracts and considerations, roles of intermediaries, regulation of the insurance industry, and marketing and sales strategies. The questions appear to be part of a practice exam or training assessment for the insurance industry.
The document provides an introduction to insurance concepts, including the basic principles of insurance, risk management, the insurance market and regulatory framework. It discusses key insurance concepts such as insurable interest, utmost good faith, indemnity, subrogation and proximate cause. It also introduces the role of agents and intermediaries and the importance of marketing and after-sales services in the insurance industry.
Sharing with you my dear readers who may find it useful.
Feel free to connect with me at maxermesilliam@gmail.com.
P/S: taken the insurance exam but has yet to practice as an insurance agent.
Sharing with you my dear readers who may find it useful.
Feel free to connect with me at maxermesilliam@gmail.com.
P/S: taken the insurance exam but has yet to practice as an insurance agent.
Part A dan Part C PCE Bahasa Malaysia Set B (Jawapan)Diyana Arus
This document contains the answers to a Malaysian language exam for section A+C. It lists 100 questions from the exam along with the corresponding answers, which are single letters A through D. The document provides the answers as prepared by the Center for Learning Excellence Training and Education Department for AIA Company Limited.
Liv Chia Hui passed the Certificate Examination in Investment Linked Life Insurance with a grade of C. The examination was computer-based and took place on September 17, 2015. The Malaysian Insurance Institute reserves the right to withdraw or invalidate results for any breaches of examination procedures. Instructions are provided on collecting the certificate, which must be done within two months of the result notification.
Perils are medical factors that influence the risk of dying, while hazards are lifestyle activities that influence risk. Perils refer to the risk that policyholders will die before a specified date, while hazards are factors that could influence that risk. Real needs are actual needs, while perceived needs are based on a client's thoughts and desires. If a person is concentrating more on health and retirement plans, they are likely in the pre-retirement stage of life.
Part A dan Part C PCE Bahasa Malaysia Set A (Answers)Diyana Arus
This document contains the answers to a Malaysian language exam called PCE Bahagian (A+C) Set A. It lists the 100 questions from the exam along with the corresponding answers, which are single letters A through D. The document provides the answers for an exam taken by employees at AIA Co. Ltd as part of their agency training and development program through the Center for Learning Excellence.
NISM Series VI - Depository Operations Certification Exam Model PaperSunil Yadav
This document provides a sample of 10 multiple choice questions from the NISM Series VI - Depository Operations Certification Exam. It introduces the exam and provides the questions and answers to demonstrate the exam format. It encourages the reader to visit an online test preparation site to find the answers to these sample questions and take additional mock exams to help prepare for and score high on the NISM Series VI exam.
Buku teks ini memberikan panduan mengenai ujian pra-kontrak untuk ejen insurans di Malaysia. Buku ini telah diterbitkan sejak 1996 hingga 2009 oleh The Malaysian Insurance Institute dan mencakupi topik-topik asas insurans termasuk jenis-jenis insurans, prinsip-prinsip insurans, undang-undang dan peraturan yang berkaitan, serta tanggungjawab dan peranan seorang ejen insurans.
This presentation gives an brief introduction about the growth of insurance sector in India. It also give description about the major players existing in the finance market of insurance.
Dokumen tersebut berisi soalan-soalan untuk ujian insurans hayat berkaitan pelaburan. Soalan-soalan tersebut meliputi konsep dasar seperti istilah-istilah, jenis-jenis pelaburan dan produk insurans hayat berkaitan pelaburan serta peraturan yang terkait.
This document contains 54 practice questions for the AMFI Test. The questions cover various topics related to mutual funds, including types of funds (equity, debt, gilt, balanced, etc.), features of open-ended and close-ended funds, calculation of NAV, risks and returns associated with different funds, contents of offer documents and key information memorandums. The correct answers to each question are also provided.
The document provides an overview of captive insurance. It defines a captive as a special purpose insurance company formed by its owners to insure their own risks. Captives allow companies to self-insure risks in a tax-advantaged manner while improving risk management. The document outlines various types of captives and discusses their cash flow, tax, and performance measurement implications.
This document provides an introduction and overview of key concepts in reinsurance. It defines reinsurance as a form of insurance where one insurer takes on risks ceded from another insurer. There are two main types of reinsurance treaties - pro rata, where risks and premiums are shared proportionally, and excess of loss, where the reinsurer is liable for losses over a predetermined retention amount. The document outlines the language, participants, methods, pricing and contract elements of reinsurance agreements.
This is the project that I made in T.Y BBI on property insurance. The project covers the following topics:
1. Introduction
2. Types
3. Property Valuation
4. Business Perspective On Property Insurance
5. Importance
6. Case Study
7. Conclusion
8. References
This document provides an overview of surplus lines insurance. It defines surplus lines insurance as insurance that protects against risks that are too high for regular insurance companies. It explains that surplus lines insurance can be purchased from insurers not licensed in the insured's state. The document outlines 8 key topics about surplus lines insurance, including what surplus lines is, top surplus lines insurers, when a customer needs a surplus lines broker, surplus lines forms like the diligent search and D-1 forms, the Nonadmitted and Reinsurance Reform Act, and regulations for surplus lines brokers. It also provides references for additional surplus lines information and laws by state.
This document contains a mock test with multiple choice questions about regulations for insurance agents in India. It covers topics like licensing requirements, training requirements, rules around offering rebates, types of agents and brokers, and the key acts that govern the insurance industry in India like the Insurance Act of 1938 and the IRDA Act of 1999.
The document discusses types of pure risk and the difference between pure and speculative risk. It also discusses the underwriting process for life insurance. Key points:
- Pure risks include property risk, personal risk, liability risk, and loss of income risk. Pure risks have only two outcomes - loss or no loss, with no possibility of gain.
- The underwriting process for life insurance involves gathering application information, medical reports, reviewing risk, and writing the policy if accepted. It aims to determine premium rates based on risk profile.
- Changes to the IRDA Investment Amendment Regulations in 2001 included balancing infrastructure and social sector investments that were rated AA or higher. It also set minimum investment grade requirements of AA or A
The document provides an introduction to insurance concepts, including the basic principles of insurance, risk management, the insurance market and regulatory framework. It discusses key insurance concepts such as insurable interest, utmost good faith, indemnity, subrogation and proximate cause. It also introduces the role of agents and intermediaries and the importance of marketing and after-sales services in the insurance industry.
Sharing with you my dear readers who may find it useful.
Feel free to connect with me at maxermesilliam@gmail.com.
P/S: taken the insurance exam but has yet to practice as an insurance agent.
Sharing with you my dear readers who may find it useful.
Feel free to connect with me at maxermesilliam@gmail.com.
P/S: taken the insurance exam but has yet to practice as an insurance agent.
Part A dan Part C PCE Bahasa Malaysia Set B (Jawapan)Diyana Arus
This document contains the answers to a Malaysian language exam for section A+C. It lists 100 questions from the exam along with the corresponding answers, which are single letters A through D. The document provides the answers as prepared by the Center for Learning Excellence Training and Education Department for AIA Company Limited.
Liv Chia Hui passed the Certificate Examination in Investment Linked Life Insurance with a grade of C. The examination was computer-based and took place on September 17, 2015. The Malaysian Insurance Institute reserves the right to withdraw or invalidate results for any breaches of examination procedures. Instructions are provided on collecting the certificate, which must be done within two months of the result notification.
Perils are medical factors that influence the risk of dying, while hazards are lifestyle activities that influence risk. Perils refer to the risk that policyholders will die before a specified date, while hazards are factors that could influence that risk. Real needs are actual needs, while perceived needs are based on a client's thoughts and desires. If a person is concentrating more on health and retirement plans, they are likely in the pre-retirement stage of life.
Part A dan Part C PCE Bahasa Malaysia Set A (Answers)Diyana Arus
This document contains the answers to a Malaysian language exam called PCE Bahagian (A+C) Set A. It lists the 100 questions from the exam along with the corresponding answers, which are single letters A through D. The document provides the answers for an exam taken by employees at AIA Co. Ltd as part of their agency training and development program through the Center for Learning Excellence.
NISM Series VI - Depository Operations Certification Exam Model PaperSunil Yadav
This document provides a sample of 10 multiple choice questions from the NISM Series VI - Depository Operations Certification Exam. It introduces the exam and provides the questions and answers to demonstrate the exam format. It encourages the reader to visit an online test preparation site to find the answers to these sample questions and take additional mock exams to help prepare for and score high on the NISM Series VI exam.
Buku teks ini memberikan panduan mengenai ujian pra-kontrak untuk ejen insurans di Malaysia. Buku ini telah diterbitkan sejak 1996 hingga 2009 oleh The Malaysian Insurance Institute dan mencakupi topik-topik asas insurans termasuk jenis-jenis insurans, prinsip-prinsip insurans, undang-undang dan peraturan yang berkaitan, serta tanggungjawab dan peranan seorang ejen insurans.
This presentation gives an brief introduction about the growth of insurance sector in India. It also give description about the major players existing in the finance market of insurance.
Dokumen tersebut berisi soalan-soalan untuk ujian insurans hayat berkaitan pelaburan. Soalan-soalan tersebut meliputi konsep dasar seperti istilah-istilah, jenis-jenis pelaburan dan produk insurans hayat berkaitan pelaburan serta peraturan yang terkait.
This document contains 54 practice questions for the AMFI Test. The questions cover various topics related to mutual funds, including types of funds (equity, debt, gilt, balanced, etc.), features of open-ended and close-ended funds, calculation of NAV, risks and returns associated with different funds, contents of offer documents and key information memorandums. The correct answers to each question are also provided.
The document provides an overview of captive insurance. It defines a captive as a special purpose insurance company formed by its owners to insure their own risks. Captives allow companies to self-insure risks in a tax-advantaged manner while improving risk management. The document outlines various types of captives and discusses their cash flow, tax, and performance measurement implications.
This document provides an introduction and overview of key concepts in reinsurance. It defines reinsurance as a form of insurance where one insurer takes on risks ceded from another insurer. There are two main types of reinsurance treaties - pro rata, where risks and premiums are shared proportionally, and excess of loss, where the reinsurer is liable for losses over a predetermined retention amount. The document outlines the language, participants, methods, pricing and contract elements of reinsurance agreements.
This is the project that I made in T.Y BBI on property insurance. The project covers the following topics:
1. Introduction
2. Types
3. Property Valuation
4. Business Perspective On Property Insurance
5. Importance
6. Case Study
7. Conclusion
8. References
This document provides an overview of surplus lines insurance. It defines surplus lines insurance as insurance that protects against risks that are too high for regular insurance companies. It explains that surplus lines insurance can be purchased from insurers not licensed in the insured's state. The document outlines 8 key topics about surplus lines insurance, including what surplus lines is, top surplus lines insurers, when a customer needs a surplus lines broker, surplus lines forms like the diligent search and D-1 forms, the Nonadmitted and Reinsurance Reform Act, and regulations for surplus lines brokers. It also provides references for additional surplus lines information and laws by state.
This document contains a mock test with multiple choice questions about regulations for insurance agents in India. It covers topics like licensing requirements, training requirements, rules around offering rebates, types of agents and brokers, and the key acts that govern the insurance industry in India like the Insurance Act of 1938 and the IRDA Act of 1999.
The document discusses types of pure risk and the difference between pure and speculative risk. It also discusses the underwriting process for life insurance. Key points:
- Pure risks include property risk, personal risk, liability risk, and loss of income risk. Pure risks have only two outcomes - loss or no loss, with no possibility of gain.
- The underwriting process for life insurance involves gathering application information, medical reports, reviewing risk, and writing the policy if accepted. It aims to determine premium rates based on risk profile.
- Changes to the IRDA Investment Amendment Regulations in 2001 included balancing infrastructure and social sector investments that were rated AA or higher. It also set minimum investment grade requirements of AA or A
This document is a student's summer training project report submitted for their MBA degree. It analyzes customer satisfaction at Birla Sun Life Insurance. The report includes chapters on insurance basics, the insurance industry in India, Birla Sun Life's products and profile, the regulatory environment, the research methodology used, findings from customer interviews, and a conclusion with suggestions. It was submitted under the supervision of the branch manager at Birla Sun Life to partially fulfill the requirements for an MBA degree.
1. Which of the following statements concerning the .docxjoyjonna282
1. Which of the following statements concerning the usual coordination-of-benefits (COB)
provision in group medical expense plans is (are) correct?
I. Coverage as a retired employee is primary to coverage as an active employee.
II. Coverage as an active employee is primary to coverage as a dependent.
A I only
B. II only
C. Both I and II
D. Neither I nor II
2. Which of the following statements concerning sick-leave plans is (are) correct?
I. Most plans provide benefits equal to 100 percent of an employee's regular pay.
II. Most plans contain a waiting period of 3 to 6 weeks before benefits start.
A I only
B. II only
C. Both I and II
D. Neither I nor II
3. Which of the following statements concerning business overhead insurance is (are)
correct?
I. These policies provide funds that can be used to cover many of the ongoing
costs of operating a business while the owner is totally disabled.
II. These policies tend to have benefit durations of 5 years or more and have fairly
long waiting periods.
A. I only
B. II only
C. Both I and II
D. Neither I nor II
4. Which of the following statements concerning a deferred annuity is (are) correct?
I. Deferred annuities must be purchased with periodic premiums paid over a period of
time.
II. Because of the delay feature, a deferred annuity is unsuitable as a vehicle to
accumulate a sum for old age.
A. I only
B. II only
C. Both I and II
D. Neither I nor II
55. Which of the following statements concerning a joint-and-last survivor annuity is (are)
correct?
I. It must be sold as an immediate annuity.
II. Annuity payments cease upon the first death of an annuitant.
A. I only
B. II only
C. Both I and II
D. Neither I nor II
6. Which of the following statements concerning a term life insurance policy's convertibility
feature is (are) correct?
I. When the attained age method is used, the insured's age on the date of the
conversion determines the premium rate for the new coverage.
II. When the retroactive (original age) method is used, the new coverage uses the
insurer's contract that is effective on the date of the conversion.
A. I only
B. II only
C. Both I and II
D. Neither I nor II
57. Which of the following statements concerning insurers' use of probability concepts is (are)
correct?
I. Using probability concepts enables an insurer to predict losses for its entire
group of insured persons with complete accuracy.
II. Using probability concepts enables an insurer to eliminate the possibility that its
losses and expenses will exceed its revenues.
A. I only
B. II only
C. Both I and II
D. Neither I nor II
8. Which of the following statements concerning the settlement options in a whole life
insurance policy is (are) corre ...
This is the brief document about Birla Sun Life Group..which include almost all its insurance plans, and policies. This documents also help those students and people how are seeking to get to know about BSLI. I provide all the detailed history about birla group in this documents..:)
FIN 355 Final Project Guidelines and Rubric
Overview
The final project for this course is the creation of an insurance plan.
Financial planning is all about determining short-term and long-term goals and budgeting to meet those goals. In this course, you will focus specifically on
identifying risk and working to mitigate against risks through the use of appropriate insurance policies. Doing so ensures that financial goals are not
unexpectedly derailed. The types of insurance that are used for mitigating against common risks are personal liability insurance, life insurance, health, disability,
and long-term care insurance, as well as Social Security, Medicare, and Medicaid. Additionally, within all types of insurance, there are general contract provisions
and risk principles that all clients must consider. Throughout the course, you will analyze the types of insurance highlighted above and determine how clients can
utilize them to mitigate against their risks.
This course also provides you with a key component of the qualification criteria for taking the CFP (Certified Financial Planner) examination. This certification is a
powerful tool that can provide you with the foundation for a successful career as a financial planning professional.
For the final project, you will create an insurance plan for fictitious clients described in the provided scenarios. This plan will include analyses of the clients’
current coverage, recommendations to improve their coverage, and recommendations on future insurance options. To do this, you will review and analyze the
clients’ information and goals. Upon completing this assessment, you will have demonstrated your expertise in general insurance planning and social benefit
programs and the role these products and benefits play in financial planning.
The project is divided into two milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final
submissions. These milestones will be submitted in Modules Three and Five. The final submission is due in Module Seven.
In this assignment, you will demonstrate your mastery of the following course outcomes:
Analyze principles of risk and general contract provisions of insurance policies for determining the insurance needs of clients
Differentiate between the various types of individual life insurance for explaining policy details to potential clients
Differentiate between health, disability, and long-term care insurance options for making appropriate insurance recommendations to clients
Analyze common eligibility requirements for Social Security, Medicare, and Medicaid for determining how they integrate with clients’ financial standing
and insurance needs
Assess clients’ personal liability insurance for making appropriate recommendations that suit the clients’ needs
Prompt
The clients in the scenario are looking for a financial planner to assist ...
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
The present book is a great step in forward direction of Indian Insurance sector ; and I have no doubt that after studying this book in detail and getting through the examination successfully, the insurance agent will gain substantially in accomplishing the tasks that are assigned to him or her. I would keenly look forward to its huge success in the Indian insurance domain in the days to come.
Customer perception towards max newyork life insurancemalay srivastava
This document provides the table of contents for a market survey report on customer perception towards Max Newyork Life Insurance. The document outlines 12 chapters, including an introduction, company profile, research methodology, data analysis and interpretation, findings, conclusion, and limitations. It also provides context on the insurance industry and life insurance importance. The introduction describes that the survey was conducted in Moradabad city with 50 respondents to analyze customer perception through a questionnaire.
1-INSURANCE COMPANY OPERATIONS
The most important insurance company operations consist of the following:
Ratemaking
Underwriting
Production
Claim settlement
Reinsurance
Insurers also engage in other operations, such as accounting, legal services, loss control, and information systems.
2-RATING AND RATEMAKING
Ratemaking refers to the pricing of insurance and the calculation of insurance premiums .
A rate is the price per unit of insurance.
An exposure unit is the unit of measurement used in insurance pricing, which varies by line of insurance.
The person who determines rates and premiums is known as an actuary . An actuary is a highly skilled mathematician who is involved in all phases of insurance company operations, including planning, pricing, and research.
3-UNDERWRITING
Underwriting refers to the process of selecting, classifying, and pricing applicants for insurance . The underwriter is the person who decides to accept or reject an application.
Statement of Underwriting Policy:Underwriting starts with a clear statement of underwriting policy.
An insurer must establish an underwriting policy that is consistent with company objectives.
4-PRODUCTION
The term production refers to the sales and marketing activities of insurers. Agents who sell insurance are frequently referred to as producers .
Life insurers have an agency or sales department. This department is responsible for recruiting and training new agents and for the supervision of general agents, branch office managers, and local agents.
Property and casualty insurers have marketing departments. To assist agents in the field, special agents may also be appointed.
A special agent is a highly specialized technician who provides local agents in the field with technical help and assistance with their marketing problems.
5-CLAIMS SETTLEMENT
Every insurance company has a claims division or department for adjusting claims. This section of the chapter examines the basic objectives in adjusting claims, the different types of claim adjustors, and the various steps in the claim-settlement process.
Basic Objectives in Claims Settlement:
Verification of a covered loss
Fair and prompt payment of claims
Personal assistance to the insured
6-REINSURANCE
Reinsurance is an arrangement by which the primary insurer that initially writes the insurance transfers to another insurer (called the reinsurer) part or all of the potential losses associated with such insurance .
The primary insurer that initially writes the insurance is called the ceding company .
The insurer that acceptspart or all of the insurance from the ceding com pany is called the reinsurer .
The amount of insurance retained by the ceding company for its own account is called the retention limit or net retention .
The amount of insurance ceded to the reinsurer is known as the cession
The document discusses trends in the professional indemnity insurance market for accountants. It notes that most survey respondents expect insurance rates and claims to rise in 2010. Underwriters expect increased claims activity and costs compared to 2009. The document emphasizes the importance of promptly notifying insurers of any circumstances that may lead to a claim. It provides examples of what constitutes a notifiable circumstance and stresses that members should err on the side of notification. The CIMA Members in Practice Scheme offers benefits like best rates, customized coverage, and legal assistance from Fishburns solicitors.
Pragati Life Insurance Limited was established in 2000 with the motto "TRUST US for LIFE". It started with paid up capital of 30 million BDT and is owned by some renowned Bangladeshi business entrepreneurs. The company has grown significantly over the years, achieving a gross premium of 187.57 crore BDT in 2012. Pragati Life Insurance provides various individual and group insurance policies and has clear visions, missions, goals and objectives focused on customer satisfaction, ethical practices and benefitting stakeholders. It employs various risk management strategies and has experienced consistent growth in life fund and gross premium in recent years.
Insurance claim settlement in china by daxue consultingDaxue Consulting
With support from Asian Risks Management Services Co. Ltd. (ARMS) we are happy to share our new report on insurance claim settlement in China.
Overview of the insurance claim settlement market, Chinese insurance companies boast high claim settlements rates and quick resolutions. However, if it’s true for most insurance B2C policies, more complex insurance contracts often require longer time periods to settle and are more prone to claim failure.
Project on CREDIT INSURANCE by Akshat MahendraAKSHAT MAHENDRA
Project Report on CREDIT INSURANCE
Project on CREDIT
BBI SEM 6 Project
Project Report on CREDIT
Semester VI BBI Blackbook Project 100 Marks
Project Report on INSURANCE
Semester 6 BBI Blackbook Project 100 Marks
Project on INSURANCE
Project on Finance
Project on Finance BBI
B.Com (BANKING and INSURANCE)
Project for BBI
Project on Finance BANKING INSURANCE
BANKING & INSURANCE
Semester 6 B.Com BANKING and INSURANCE Blackbook Project 100 Marks
BANKING and INSURANCE
Semester 6 BANKING and INSURANCE Blackbook Project 100 Marks
B.Com BANKING and INSURANCE
Product liability insurance in china report by daxue consultingDaxue Consulting
With support from Asian Risks Management Services Co. Ltd. (ARMS) we are happy to share our new report on product liability insurance in China.
Overview of the product liability insurance market, policies & obstacles of product liability insurance, legal cases, and main insurers & key products have been covered in this report.
Surety Industry Overview: State of the Industry by Cissie ScogginDon Grauel
Cissie Scoggin of Liberty Mutual Insurance presented "Surety Industry Overview: State of the Industry" to the 68th Annual F. Addison Fowler Fall Seminar on October 17, 2014.
The document discusses various aspects of insurance companies, including their key operations. It begins by describing how insurance companies handled claims from the 2005 Mumbai floods. It then discusses the main operations of insurance companies, including rate making, underwriting, production (sales), claims settlement, reinsurance, and investments. Insurance companies collect premiums, pay claims, and invest premiums to earn income. They distribute policies through agents or direct selling. Reinsurance allows risks to be shared between insurers.
This document provides an overview of a case study on SIC Life Insurance Company's Techiman Branch. It discusses key concepts around risk and insurance, outlines the types of insurance available in Ghana, and defines life insurance. The document then presents the objectives, methodology, limitations, and structure of the case study, which aims to assess the efficacy of SIC Life's life insurance policies and identify how the company pays out premiums to beneficiaries. Primary data will be collected through questionnaires to staff, beneficiaries, and the public, and secondary data will come from sources like textbooks and websites. The case study will have 5 chapters covering the background, literature review, methodology, data analysis and findings, and conclusions.
The skin is the largest organ and its health plays a vital role among the other sense organs. The skin concerns like acne breakout, psoriasis, or anything similar along the lines, finding a qualified and experienced dermatologist becomes paramount.
DECLARATION OF HELSINKI - History and principlesanaghabharat01
This SlideShare presentation provides a comprehensive overview of the Declaration of Helsinki, a foundational document outlining ethical guidelines for conducting medical research involving human subjects.
Co-Chairs, Val J. Lowe, MD, and Cyrus A. Raji, MD, PhD, prepared useful Practice Aids pertaining to Alzheimer’s disease for this CME/AAPA activity titled “Alzheimer’s Disease Case Conference: Gearing Up for the Expanding Role of Neuroradiology in Diagnosis and Treatment.” For the full presentation, downloadable Practice Aids, and complete CME/AAPA information, and to apply for credit, please visit us at https://bit.ly/3PvVY25. CME/AAPA credit will be available until June 28, 2025.
Osteoporosis - Definition , Evaluation and Management .pdfJim Jacob Roy
Osteoporosis is an increasing cause of morbidity among the elderly.
In this document , a brief outline of osteoporosis is given , including the risk factors of osteoporosis fractures , the indications for testing bone mineral density and the management of osteoporosis
Breast cancer: Post menopausal endocrine therapyDr. Sumit KUMAR
Breast cancer in postmenopausal women with hormone receptor-positive (HR+) status is a common and complex condition that necessitates a multifaceted approach to management. HR+ breast cancer means that the cancer cells grow in response to hormones such as estrogen and progesterone. This subtype is prevalent among postmenopausal women and typically exhibits a more indolent course compared to other forms of breast cancer, which allows for a variety of treatment options.
Diagnosis and Staging
The diagnosis of HR+ breast cancer begins with clinical evaluation, imaging, and biopsy. Imaging modalities such as mammography, ultrasound, and MRI help in assessing the extent of the disease. Histopathological examination and immunohistochemical staining of the biopsy sample confirm the diagnosis and hormone receptor status by identifying the presence of estrogen receptors (ER) and progesterone receptors (PR) on the tumor cells.
Staging involves determining the size of the tumor (T), the involvement of regional lymph nodes (N), and the presence of distant metastasis (M). The American Joint Committee on Cancer (AJCC) staging system is commonly used. Accurate staging is critical as it guides treatment decisions.
Treatment Options
Endocrine Therapy
Endocrine therapy is the cornerstone of treatment for HR+ breast cancer in postmenopausal women. The primary goal is to reduce the levels of estrogen or block its effects on cancer cells. Commonly used agents include:
Selective Estrogen Receptor Modulators (SERMs): Tamoxifen is a SERM that binds to estrogen receptors, blocking estrogen from stimulating breast cancer cells. It is effective but may have side effects such as increased risk of endometrial cancer and thromboembolic events.
Aromatase Inhibitors (AIs): These drugs, including anastrozole, letrozole, and exemestane, lower estrogen levels by inhibiting the aromatase enzyme, which converts androgens to estrogen in peripheral tissues. AIs are generally preferred in postmenopausal women due to their efficacy and safety profile compared to tamoxifen.
Selective Estrogen Receptor Downregulators (SERDs): Fulvestrant is a SERD that degrades estrogen receptors and is used in cases where resistance to other endocrine therapies develops.
Combination Therapies
Combining endocrine therapy with other treatments enhances efficacy. Examples include:
Endocrine Therapy with CDK4/6 Inhibitors: Palbociclib, ribociclib, and abemaciclib are CDK4/6 inhibitors that, when combined with endocrine therapy, significantly improve progression-free survival in advanced HR+ breast cancer.
Endocrine Therapy with mTOR Inhibitors: Everolimus, an mTOR inhibitor, can be added to endocrine therapy for patients who have developed resistance to aromatase inhibitors.
Chemotherapy
Chemotherapy is generally reserved for patients with high-risk features, such as large tumor size, high-grade histology, or extensive lymph node involvement. Regimens often include anthracyclines and taxanes.
5-hydroxytryptamine or 5-HT or Serotonin is a neurotransmitter that serves a range of roles in the human body. It is sometimes referred to as the happy chemical since it promotes overall well-being and happiness.
It is mostly found in the brain, intestines, and blood platelets.
5-HT is utilised to transport messages between nerve cells, is known to be involved in smooth muscle contraction, and adds to overall well-being and pleasure, among other benefits. 5-HT regulates the body's sleep-wake cycles and internal clock by acting as a precursor to melatonin.
It is hypothesised to regulate hunger, emotions, motor, cognitive, and autonomic processes.
These lecture slides, by Dr Sidra Arshad, offer a simplified look into the mechanisms involved in the regulation of respiration:
Learning objectives:
1. Describe the organisation of respiratory center
2. Describe the nervous control of inspiration and respiratory rhythm
3. Describe the functions of the dorsal and respiratory groups of neurons
4. Describe the influences of the Pneumotaxic and Apneustic centers
5. Explain the role of Hering-Breur inflation reflex in regulation of inspiration
6. Explain the role of central chemoreceptors in regulation of respiration
7. Explain the role of peripheral chemoreceptors in regulation of respiration
8. Explain the regulation of respiration during exercise
9. Integrate the respiratory regulatory mechanisms
10. Describe the Cheyne-Stokes breathing
Study Resources:
1. Chapter 42, Guyton and Hall Textbook of Medical Physiology, 14th edition
2. Chapter 36, Ganong’s Review of Medical Physiology, 26th edition
3. Chapter 13, Human Physiology by Lauralee Sherwood, 9th edition
Know the difference between Endodontics and Orthodontics.Gokuldas Hospital
Your smile is beautiful.
Let’s be honest. Maintaining that beautiful smile is not an easy task. It is more than brushing and flossing. Sometimes, you might encounter dental issues that need special dental care. These issues can range anywhere from misalignment of the jaw to pain in the root of teeth.
Travel Clinic Cardiff: Health Advice for International TravelersNX Healthcare
Travel Clinic Cardiff offers comprehensive travel health services, including vaccinations, travel advice, and preventive care for international travelers. Our expert team ensures you are well-prepared and protected for your journey, providing personalized consultations tailored to your destination. Conveniently located in Cardiff, we help you travel with confidence and peace of mind. Visit us: www.nxhealthcare.co.uk
Lecture 6 -- Memory 2015.pptlearning occurs when a stimulus (unconditioned st...AyushGadhvi1
learning occurs when a stimulus (unconditioned stimulus) eliciting a response (unconditioned response) • is paired with another stimulus (conditioned stimulus)
Lecture 6 -- Memory 2015.pptlearning occurs when a stimulus (unconditioned st...
Pce trial ques english
1. ••;:,.'
THE MALAYSIAN INSURANCE INSTITUTE
THE PRE-CONTRACT EXAMINATION FOR INSURANCE AGENTS
SAMPLE OF EXAMINATION QUESTIONS
DATE
DURATION
LANGUAGE
ROUTE
2 hours
ENGLISH
LIFE (A & C)
----------------------------------------------._---.------------------------------------------------ ...---------------------------
Candidate's Full Name (as in Identity Card)
Candidate's I.C No.
This sample of examination question set is the property of
The Malaysian Insurance Institute and it should be used for educational
or training purposes only.
@ Copyright The Malaysian Insurance Institute.
THE MALAYSIAN INSURANCE INSTITUTE, NO 5, JALAN SRI SEMANTAN SATU, DAMANSARA HEIGHTS, 50490 KUALA LUMPUR.
GENERAL LINE: 03 - 2087 8882 CUSTOMER SERVICE: 03 - 2087 8883
,.•.
2. The Pre-Contract Examination for Insurance Agents
Please read all the instructions carefully.
1. Copy your Candidate Examination Number (CEN) from your examination entry permit
into the box provided on the cover page of this question paper.
2. This examination consists of 100 questions with 4 answer choices and divided into two
parts:
Questions number
PART A - Basics of Insurance and including
Medical and Health Insurance:
PART C - Life Insurance:
The duration of this examination is two (2) hours.
1 to 50
101 to 150
3. Please check your Examination Entry Permit to ensure that you are given the
examination question paper matching the Part(s) that you have registered.
4. Mark all your answers on the answer sheet provided. You are to blacken only one oval
with the alphabet corresponding to your answer choice for each numbered row. If there
appears to be more than one answer choices, select the one you think is the best
alternative.
5. You may write anything on the examination question paper BUT Mil will not consider
anything that you have written for marking.
6. Only correct answers will be given a point. Wrong and unmarked answers will not be
given any points. Therefore you are to answer all questions even if you have to guess.
7. Please do NOT remove any papers from the examination room.
8. Use 2B pencils and soft erasers only.
9. This question book, answer sheet and other materials provided during this examination
are NOT permitted to be taken away from the examination hall. It is the onus, duty and
responsibility of the candidate to hand-in personally to the Presiding Official all these
materials before leaving the hall.
4. The Pre-Contract Examination for Insurance Agents
1. A health insurance contract is a contract of
A premature death.
B permanent disability.
e financial guarantees.
D easing the financial burden caused by adverse changes in health.
2. A health insurance policy is automatically terminated upon the earliest happening of
the following events EXCEPT
A on the death of an insured person.
B if the lifetime limit paid under the policy is exhausted.
e on the diagnosis that the insured person has contracted a dread disease.
D on the policy anniversary immediately following the insured's maximum
eligibility age.
3. Under current Malaysian tax regulations, a deduction of up to a maximum of
RM3,OOOin premium paid for education, insurance is allowable.
A or life
B or medical
e health or life
D health or personal accident
4. Using a broad definition, which of the following is NOT health insurance?
A A critical illness insurance plan
B A disability income insurance plan
e A workers compensation insurance plan
D A major medical expenses insurance plan
5. The legal document issued by an insurer to a policyholder that contains the
provision of an insured group plan is the
A master policy.
B application form.
e insurance certificate.
D summary plan document.
These (luestionsfor insurance companies' training purposes on(l'
1 Questions continued overleaf
5. The Pre-Contract Examination for Insurance Agents
6. A situation where more sub-standard risks are accepted for insurance resulting in a
less favourable underwriting result is known as
A anti reaction.
B contradiction.
e anti rejection.
o anti selection.
7. Restrictions on the scope of the health insurance coverage are known as
A exclusion.
B conditions.
e the operative clause.
o the schedule of benefits.
8. Long term disability income insurance also known as
A a dread disease policy.
B an investment linked policy.
e a partial disability insurance policy.
o a permanent health insurance policy.
9. The three main health insurance claim payment limits are
A ordinary limit, short term limit and per disability limit.
B short term limit, lifetime limit and overall annual limit.
e overall annual limit. lifetime limit and per disability limit.
o per disability limit, overall annual limit and ordinary limit.
10. The function of the Financial Mediation Bureau (FMB) is to
A assist its members in detecting non-disclosures of facts by applicants.
B inform its members of specific underwriting actions taken by its members.
e serve as a central registry for all health policies issued on a medically sub-
standard basis.
o provide an investigation service for dealing with disputes between insurers
and policyholders.
These questionsfor insurance companies' training jJwposes on(1'
2 Questions continued overleaf
6. The Pre-Contract Examination for Insurance Agents
11. Premium shall be paid on the due date specified in the policy. However, most life
insurance contracts provide that such payment can be made within 30 days from
the due date. This period is called the period.
A grace
B expiry
C extension
D termination
12. Outsourcing to providers located abroad is often described as
A overseas investment.
B offsourcing.
C offshoring.
D investing.
13. Which of the following is/are mediation bureau(s) for insurance and takaful
companies in Malaysia?
A Motor Insurers' Bureau
B Financial Mediation Bureau
C Insurance mediation Bureau
D Motor Insurers' Bureau and Financial Mediation Bureau
14. Which of the following are the objectives of a family takaful plan?
I To provide death coverage
II To save regularly over a period of time
III To earn investment returns in accordance with Islamic principles
A I and II
B I and III
C II and III
D L II and III
These questiollsfor insurance companies' training purposes only
3 Questions continued overleaf
7. The Pre-Contract Examination for Insurance Agents
15. If an act which is not within his authority is performed by an agent, and the
principal agrees to accept the same as having been done on his behalf, it is
known as
A ratification.
S assignment.
C acceptance.
D authorization.
16. Which of the following is NOT a duty of an agent?
A To exercise care and skill.
S To perform his duty in a professional manner.
C To make secret profits from any party with whom he deals on behalf of the
principal.
D Not to disclose confidential information obtained during the course of his
duties as agent.
17. The responsibilities of a company secretary include(s)
A writing minutes of meetings and preparing the annual report.
S the administration of the organization as a registered company.
C ensuring the company complies with laws or acts related to company and
insurance laws.
D All of the above
18. When contracts are tainted by defects, their validity may be
I void.
II voidable.
III unenforceable.
A I and II
S I and III
C II and III
D I, II and III
These questionsfor insurance companies' training purposes on(1'
4 Questions continued overleaf
8. The Pre-Contract Examination for Insurance Agents
19. Which of the following are the essentials of a valid contract?
I Consideration
II Offer and acceptance
III Legality of the contract
IV Capacity of parties to contract
A I and II
B I, III and IV
C II, III and IV
o I, II, III and IV
20. Which of the following stages make(s) up the 'consumer buying decision
process'?
I Information search and purchase.
II Problem recognition and information search.
III Evaluation of alternatives, purchase and post-purchase evaluation.
A II only
B I and II
C I and III
o I, II and III
21. Under which of the following statutes is the maintenance of the policy register a
requirement?
A The Insurance Act, 1996
B The Companies Act, 1965
C The Official Secrets Act, 1970
o The Internal Security Act, 1960
22. The Insurance Act, 1996, empowers to supervise insurance
companies.
A the agent
B the public
C Bank Negara Malaysia (BNM)
o The Malaysian Insurance Institute (Mil)
These questions.for insurance companies' trainingpwposes only
5 Questions continued overleaf
9. ,.
The Pre-Contract Examination for Insurance Agents
23. An insurance broker acts on behalf of
A the agent.
B reinsurer.
C the insured.
D the insurance company.
24. The intermediaries in the insurance market are mainly
A agents and brokers.
B reinsurers and coinsurers.
C adjusters and fire authorities.
D Persatuan Insurans Am Malaysia (PIAM) and the government.
25. Which of the following are appointed by insurance companies to represent them?
A Insurers
B Reinsurers
C Insurance agents
D Insurance brokers
26. In Malaysia, the age of majority is _ years.
A 16
B 18
C 20
D 21
27. Which of the following are NOT part of the insurance market in Malaysia?
A Reinsurers
B Loss adjusters
C Real estate agents
D Insurance companies
These questions for insurance companies' training purposes {)n~J!
6 Questions continued overleaf
10. ,. The Pre-Contract Examination for Insurance Agents
28. The Takaful Act 1984 is divided into four parts. Which of the following is NOT one
of them?
A The part that provides for the interpretation, the classification and
references to the takaful business.
B The part that specifies the powers vested in the Prime Minister's
Department in regulating the takaful business.
C The part that provides for the administration and enforcement of matters
such as indemnity and the submission of annual reports.
D The part that provides the mode and conduct of the takaful business such
as the conditions of registration, the establishment and maintenance of
takaful funds.
29. The duty of utmost good faith is
A optional in insurance contracts.
B compulsory only in marine contracts.
C compulsory in all insurance contracts.
D optional in general insurance contracts.
30. A person is said to possess an insurable interest if he
A suffers financial loss when his business venture fails.
B suffers financial loss upon the happening of the insured event.
C stands to make a profit upon the occurrence of an insured event.
D encounters mental suffering as a result of the occurrence of the insured
event.
31. The most effective cause in a loss is termed the cause.
A remote
B proximate
C substantial
D contributory
32. Which of the following are methods of indemnity adopted by insurers?
A Cash only
B Repair only
C Replacement and repair only
D Cash, repair. replacement or reinstatement
These questions/or insurance companies' training purposes only
l
7 Questions continued overleaf
11. --
The Pre-Contract Examination for Insurance Agents
33. A breach of utmost good faith
I has no effect at all on the contract.
II renders the contract void from inception.
III renders the contract voidable by the affected party.
A III only
B I and II
e I and III
D II and III
34. What is the meaning of 'concealment'?
A When one party becomes insane.
B When there is failure to disclose material fact.
e When the subject matter of a contract does not exist.
D When there is the inability to perform an agreed performance.
35. In any assignment, there are two parties, namely, the assignor and the
A owners.
B receiver.
e assignee.
D beneficiary.
36. Property which is partially saved from a loss or damage is called
A salvage.
B left over.
e constructive loss.
D partial loss goods.
37. The contribution condition states that
A the insured must bear the first RMX (specified Ringgit amount) of each and
every loss.
B the insured can receive more than the actual amount of his loss.
e the insured cannot recover from any other insurers except from his own
insurer.
D where there are two or more policies covering one loss, the insured must
claim from all the policies.
These questions/or insurance companies' trainingpUlposes (}n~JI
8 Questions continued overleaf
12. ..
The Pre-Contract Examination for Insurance Agents
38. The principle of subrogation prevents the insured from
A renewing his policy if a loss occurs.
B recovering from more than one insurer.
C receiving more than the actual amount of his loss.
o calling upon other insurers to contribute to the loss.
39. Which of the following is NOT a method of handling risks?
A Transfer
B Retention
C Avoidance
o Investment
40. Which of the following is a risk transfer method in risk management?
A Good housekeeping of premises.
B The installations of a burglar alarm system.
C The training of employees in fire prevention.
o Entering into a comprehensive insurance programme.
41. Identify the characteristics of an insurable risk.
I The risk must be a pure risk.
1/ The risk must be a speculative risk.
1/1 The risk must be of fortuitous in nature.
A I and 1/
B I and II/
C 1/ and III
o I, II and III
42. The agent's duties is/are to
I obey his principal's instructions.
II use proper care and skill in exercising his authority.
III act honestly and not in any way that is detrimental to the principal's
interest.
A II only
B I and II
C I and III
o I. II and III
These questionsfor insurance companies' training purposes only
9 Questions continued overleaf
13. The Pre-Contract Examination for Insurance Agents
43. In most cases, the financial value of a risk will the insured
event occurs.
I be known before
II not be known after
III not be known before
A L9DlY
B I and II
e II and III
D I, II and III
44. The cause of a loss is a definition of
A risk.
Bloss.
e peril.
D hazard.
45. Insurance deals with fortuitous losses which are
A all losses.
B physical hazards.
e accidental losses.
D risks, the severity/frequency of which is within the control of the insured
persons.
46. Which of the following statements is correct?
A Pure risks are uninsurable.
B Speculative risks are insurable.
e Speculative risks are always catastrophic in nature.
D There is the possibility of a gain in a speculative risk.
47. Insurance is
A a means of providing charity.
B an investment business only.
e a mechanism for computing risks.
D a mechanism for transferring risks.
These questionsfor insurance companies' trainingpluposes only
10 Questions continued overleaf
14. ."
48.
The Pre-Contract Examination for Insurance Agents
Which Act is introduced for the purpose of regulating the conduct of the insurance
business in Malaysia?
A The Company Act, 1963
B The Company Act, 1965
C The Insurance Act, 1965
D The Insurance Act. 1996
49. The functions of insurance include
I providing employment to many.
II freeing funds otherwise tied up as reserves.
III indemnifying insured's against losses sustained as a result of fortuitous
events.
A I and II
B I and III
C II and III
D I. II and III
50. How can risks be classified?
A Pure and speculative risks
B Pure and fundamental risks
C Speculative and particular risks
D Fundamental and particular risks and pure and speculative risks
These questionsfor insurance companies' training pUiposes only
11 Questions continued overleaf
16. The Pre-Contract Examination for Insurance Agents
101. The main purpose of delivering the life policy through the agent is to
A enable the agent to close more cases.
B advertise the image of the insurance company.
C enable the agent to collect the first premium due.
o enable the agent to stress the importance of the policy and to explain
again the various conditions and privileges contained in the policy.
102. Features of life insurance contract being long term and implications of surrender
values being less than total premiums paid, are usually part of information found
in
A agent's report.
B endorsements.
C sales literature.
o proposal forms.
103. Under the guidelines on the code of conduct, cases of fraud must be reported
immediately to the
A police only.
B police and to the board of directors.
C police and to Bank Negara Malaysia (BNM).
o police and to the audit! disciplinary committee.
104. Choose one practice which is ethical.
A Paying the first premium for the prospect.
B Investing the insured premium and sharing the profit together.
C Holding all information about the prospect's previous surgery from the
underwriters.
o Holding in trust information about the prospect such as weight. salary and
past medical history.
These questions/or insurance companies' training purposes on{v
12 Questions continued overleaf
17. The Pre-Contract Examination for Insurance Agents
105. The main sources of surplus in ~ life company are
I interest.
II mortality.
III expenses.
IV surrender policies.
A I and II
B II and III
C III and IV
D " I" III and IV
106. The process by which the proceeds of a policy are paid other than as a lump sum
cash payment is called
A dividend.
B reinstatement.
C settlement option.
D non-forfeiture option.
107. The following can be used as proof of death EXCEPT
A the coroner's report.
B a certificate of death.
C an international passport.
D an order pronouncing a statutory presumption of death.
108. Which one the following is NOT settlement option of a maturity claims?
A Cash maturity proceeds
B Leave the proceed in a bank
C Draw the cash by instalments
D Conversion of proceeds to an annuity
109. Before any claim payment is made for maturity claims, which one of the following
documents must be produced?
A A probate of the will
B The policy document
C The estate duty certificate
D The income tax statement
These questions/or insurance companies' training purposes on{v
13 Questions continued overleaf
18. The Pre-Contract Examination for Insurance Agents
110. Which of the following particulars are usually found in the schedule of a policy?
I Sum assured
II Date of maturity
III Name and address of the insurer
IV Name and address of the assured
A I, II and III
B I. II and IV
e I, III andN
D I, II, III and IV
111. For the proper assessment of risk, information obtained from the following
sources is important:
I ajgent's report.
II medical report.
III the proposal form.
IV attending physician's statement.
A I, II and III
B I, II and IV
e I, III and IV
D I. II. III and IV
112. Information relating to financial position and sources of income of the life
proposed is generally obtained from the
A agent's report.
B proposal form.
e health declaration.
D employer's certificate.
113. This is a method of distributing surplus:
A extra or surpluses bonuses.
B common and general bonuses.
e simple or compound interest bonuses.
D simple or compound reversionary bonuses.
These questionsji)r insurance companies' training purposes ()n~y
14 Questions continued overleaf
19. The Pre-Contract Examination for Insurance Agents
114. Life insurance companies usually give certain discounts on premium chargeable
to female lives because
A females usually receive smaller incomes.
B lesser insurance coverage is given to female lives.
C they wish to attract female lives in greater numbers.
o the female mortality rate is generally lower than that of male lives of the
same age.
115. Aminah prefers the yearly mode of premium payment which is due on the 1
5t
of
January every year. In the 4th
year, she encountered some financial difficulties
which resulted in payment being made on the 3
rd
of February. Her policy is
considered to have
A lapsed.
B forfeited.
C cancelled.
o not lapsed.
116. What do you understand by the term 'high persistency'?
A It means that a high percentage of claims arise.
B It means that a high percentage of agents dropped out of the sales scene.
C It means that a high percentage of potential insureds sent in proposal
forms.
o It means that a high percentage of policies stay in force to the end of the
period of cover.
117. The particulars asked for in the proposal form which will help to calculate the
premium rates are
I
II
III
IV
age and gender.
occupation.
additional benefits.
sum assured and type of policy.
A I, II and III
B I, III and IV
C II, III and IV
o I, II, III and IV
These questionsj()r insurance companies' training pUl1JOses onl;y
15 Questions continued overleaf
20. • <
The Pre-Contract Examination for Insurance Agents
118. Which of the following are elements of gross premium for participating policies?
I Interest
II Mortality
III Expenses
IV Bonus loading
A I, II and III
B I, II and IV
C I, III and IV
0 I, II, III and IV
119. On August 1, Mr Chong submitted a proposal form to an insurer. A letter of
acceptance was issued on August 8, and was delivered to Mr Chong on August
10. Mr Chong paid the initial premium on August 17. A life insurance policy was
issued and delivered to Mr Chong on September 4. Mr Chong's life insurance
policy was effective on
A August 8.
B August 10.
C August 17.
o September 4.
120. Under the 'cooling-off' period, a new life policyholder may, within
________ of the delivery of the policy to him, return the policy to the
insurer for cancellation due to objections to certain terms in the policy.
A one week
B one month
C 15 days
o 21 days
121. Special conditions that need to be endorsed at the time of issuing the policy are
those
I affecting the premium.
II affecting the sum insured.
III incorporating special benefits.
IV incorporating special restrictions.
A I and II
B II and III
C III and IV
o I, II, III and IV
These questions/or insurance companies' training purposes only
16 Questions continued overleaf
21. The Pre-Contract Examination for Insurance Agents
122. Some of the risk factors of mortality are
I age.
II sex.
III occupation.
IV social status.
A I, II and III
B 1,IIandiV
C I, III and IV
D I, II, III and IV
123. When an insurance company encounters a substandard risk, the company can
take the following actions:
I increase premium.
II to charge a debt or a lien.
III to offer an alternate form of contract.
A III only
B I and II
C I and III
D I, II and III
124. When an applicant for insurance is classified as substandard risk, it means the
applicant
A will soon die from a disease.
B will soon die from an accident.
C possesses an average or less than average likelihood of a loss.
D possesses a greater than average likelihood of creating a loss.
125. Proceeds from a personal life insurance policy are
A taxable.
B deductible.
C chargeable.
D not taxable.
These questions/i)/' insurance companies' trailling purposes on~y
17 Questions continued overleaf
22. The Pre-Contract Examination for Insurance Agents
126. This is the value which attaches to a policy of life insurance after a period of at
least three years of being in force.
A Paid up value
B Residual value
C Cash value
o Forced sale value
127. The conditions in a life insurance policy can be categorized into three groups,
namely,
A rights, limiting and explaining.
B privileges, limiting and clauses.
C rights, privileges and restrictions.
o privileges, limiting and explaining.
128. A provision in a life insurance policy which states that any premium not paid by
the end of the grace period be automatically paid by a policy loan if there is
sufficient cash value is called
A the renewal provision.
B an automatic premium loan.
C the reinstatement provision.
o an automatic paid-up provision.
129. A misrepresentation in a life insurance application is considered to be a material
misrepresentation when the
I misrepresentation is not relevant to the insurer's acceptance of the risk.
II insurer discovers the misrepresentation after the policy's contestable
period.
III misrepresentation influence the judgement of the underwriter in deciding
whether to accept or decline the risk or in fixing the premium rate.
A II only
B III only
C I and II
o I and III
These que:i,tiofts!or insurance companies' training purposes only
18 Questions continued overleaf
23. ", ..
The Pre-Contract Examination for Insurance Agents
130. An absolute assignment of an endowment policy entitles the
A assured to take a policy loan.
B assured to surrender the policy.
C assured to receive policy proceeds on maturity.
D assignee to receive policy proceeds in the event of a claim arising.
131. Which one of the following statements is true about the incontestability clause?
A The incontestability clause is in the Insurance Act, Section 16(C).
B The incontestability clause is in the Insurance Act, Section 17(C).
C No policy after expiry of two years from the date on which it was effected
can be called in question by an insurer on the ground that there is a
misrepresentation of age.
D No policy after expirv of two years from the date on which it was effected
can be called in question by an insurer on the ground that there is a
misrepresentation made in the personal statement.
132. Normally, the life insurance company requires when reinstating a
lapsed policy.
A a health declaration
B a formal letter from the insured
C a new application to be submitted
D the consent of the life insurance agent
133. Which one of the following statements is NOT true?
A An assignment effectively transfers the ownership or legal rights under the
policy.
B An assignment is the transfer of rights and obligations under a contract
from one person to another.
C The person who transfers the rights is called an assignor and the person to
whom the rights are transferred is called an assignee.
D The person who transfers the rights is called an assignee and the person
to whom the rights are transferred is called an assignor.
These questionsj'or insurance companies' training purposes on~y
19 Questions continued overleaf
24. The Pre-Contract Examination for Insurance Agents
134. A is the evidence of a contract between the insurer and the
insured.
A letter of acceptance
B life insurance policy
C life insurance proposal form
o written presentation by an agent
135. This type of insurance provides for instalment cash payments to policy holders
with the sum assured being payable in the event of death anytime during the term
of this policy.
A Whole life policy
B Short term endowment
C Single life immediate annuity
o Anticipated endowment insurance
136. The earliest and simplest form of life insurance is the
A annuity scheme.
B whole life insurance.
C level term insurance.
o endowment insurance.
137. One of the following policies does NOT accrue any cash or surrender value.
A Term insurance
B Whole life insurance
C Endowment insurance
o limited payment whole life insurance
138. Accidental death benefit is a form of
A bonus.
B basic benefit.
C permanent benefit.
o supplementary benefit.
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20 Questions continued overleaf
25. The Pre-Contract Examination for Insurance Agents
139. In this policy, payment of the sum insured is made only in the event of the death
of the life assured within the stipulated term of the policy and nothing is payable if
the life assured survives the term:
A children policies.
B group insurance.
C term assurance.
D whole life assurance.
140. Identify the major difference between an ordinary whole life policy and a limited
payment whole life policy.
A An ordinary whole life policy accumulates cash value faster than a limited
payment whole life policy.
B An ordinary whole life policy is non-participating whereas a limited payment
whole life policy is participating.
C An ordinary whole life policy gives protection for a lifetime while a limited
payment policy provides protection for a limited period.
D Premiums on an ordinary whole life policy are payable for the lifetime of
the insured whilst premiums on a limited payment whole life policy are
payable for a limited period.
141. Which of the following are the uses of an endowment policy?
I As an incentive to save in a systematic manner.
II As a convenient and easy means of providing for old age.
III As a means of accumulating a fund for a specific purpose.
IV As a means of hedging against the possibility of untimely death.
A I, II and III
B I, II and IV
C II, III and IV
D I, II, III and IV
142. A participating policy is
A for juvenile policies only.
B a policy that shares in the company"s surplus.
C a policy that determines a company's risk exposure.
D a policy that does not share in the company's surplus.
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21 Questions continued overleaf
26. The Pre-Contract Examination for Insurance Agents
143. The policyholder of a life insurance policy can transfer all the rights under the
policy to another person by
A making an absolute assignment of the policy to that person.
S naming that person as the beneficiary of the policy.
C appointing that person as his agent.
D making a conditional assignment of the policy to that person.
144. Mr and Mrs Lee, aged 65 and 60 respectively, are receiving income payment from
a life insurance company. The income will be paid as long as either annuitant is
alive. The income payment will stop upon the death of the last annuitant. What
type of annuity contract has been acquired by the couple?
A Joint life annuity
S Deferred annuity
C Single life annuity
D Last survivor annuity
145. Which one of the following is NOT a feature of an endowment policy?
A It can be a participating or non-participating policy.
S The endowment period can be 10, 15, 20 or 30 years.
C It provides maximum death protection and minimum savings.
D The contract is divided into two parts, namely, a decreasing term insurance
and investment accumulation.
146. Mr Lim purchased a ten years duration convertible term policy at the age of 30. If
he elects to convert the term to a whole life policy at the age of 35 on an attained
age basis, then the premium for the whole life policy will be
A term premium age 30.
S whole life premium age 30.
C whole life premium age 35.
D whole life premium age 40.
147. Life insurance is the most practical means of meeting one's financial obligations
arising from premature death because it
A creates an immediate estate.
S always provides the most money.
C is more accessible than savings or stocks.
D is a compulsory form of long-term savings.
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22 Questions continued overleaf
27. The Pre-Contract Examination for Insurance Agents
148. The life insurance contract requires the proposer to disclose to the life office all
material facts. For how long must this duty of disclosure continue?
A Until the policy attains cash value.
B For the entire duration of the policy.
C Until submission of the proposal form to the life office.
o Until payment of the first premium and a binding premium receipt is issued.
149. If no insurable interest existed at the time a life policy was effected, the policy
would
A remain valid.
B become voidable depending on the judgement of the high court.
C become void; the company is not obliged to pay a claim under the policy.
o become voidable; the company mayor may not be obliged to pay a claim
under the policy depending on the discretion of management.
150. In life insurance, the law requires the applicant for a life policy to have insurable
interest at the time the
A claim is paid.
B policy is issued.
C insured person dies.
o application for life insurance is made.
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These questions/or insurance companies' traill
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