Insurance Concepts
Other
4 plays
5 questions
Question 1
Multiple Choice
1 point
What are the two events when Payouts by the company happens?
A.Unfortunate death of the insured/customer
B.The agreed number of year’s lapse or at ‘Maturity’.
C.None of the above
D.Both of the above
Question 2
Multiple Choice
1 point
Minors, persons of unsound mind, aliens and insolvent persons cannot affect insurance.
A.True
B.False
Question 3
Multiple Choice
1 point
When is Consent considered free?
A. when it is not obtained by Coercion (Force)
B. when it is not obtained by Undue Influence
C. when it is not obtained by Fraud
D.All of the Above
Question 4
Multiple Choice
1 point
Can Life Insurance contracts be based on a mere gambling instinct?
A.True
B.False
Question 5
Multiple Choice
1 point
The principle of disclosing all material facts is called Uberrimae Fides and is a part of the contract of life insurance.
A.True
B.False