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51

which of the following factors is not considered when calculating premium in life assurance policy

  • A. expense
  • B. mortality
  • C. interest
  • D. losses
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52

A functional reinsurance is that it

  • A. protects the account of the insurer against large claims
  • B. discourage the spread of risk in the insurance market
  • C. provides protection for uninsured losses
  • D. encourages the insured to make claims from more than one insurer
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53

A method of providing indemnity under glass insurance policy is?

  • A. cash payment
  • B. repairs
  • C. replacement
  • D. reinstatement
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54

which type of insurance product is appropriate for a young couple who is embarking on a holiday trip abroad?

  • A. whole life policy
  • B. investment linked policy
  • C. education endowment policy
  • D. term assurance policy
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55

information required in a proposal form for employer's liability is insurance include

  • A. age and health condition of the employees
  • B. the number of employees and the annual wage roll of the proposer
  • C. nature and description of goods to be carried or dispatched
  • D. the extent to which the vehicle of the proposer will be put to private use
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