LIC Assistant Exam Archives - Page 2 of 3

a. Insurance (Amendment) Act,2000 b. Insurance (Amendment) Act, 2001 c. Insurance (Amendment) Act, 2002 d. Insurance (Amendment) Act, 2003 e. Insurance (Amendment) Act, 2005

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AnkitTeacher

Asked: August 7, 2021In: Business & Finance

Which committee suggested the re-opening up of the insurance sector to private players?

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a. Rangarajan Committee b. R.N. Malhotra Committee c. Narasimhan Committee d. V S Vyas Committee e. None of these

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AnkitTeacher

Asked: August 7, 2021In: Business & Finance

Which principle in insurance mention the cause of loss must be direct and an insured one in order to claim for compensation?

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a. Subrogation b. Causa Proxima c. Insurable interest d. Contribution e. Mitigation of loss

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AnkitTeacher

Asked: August 7, 2021In: Business & Finance

The purpose of ______is to hold the negligent person responsible for the loss and prevent the insured from collecting twice for the same loss.

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a. Subrogation b. Indemnity c. Insurable interest d. Contribution e. Mitigation of loss

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AnkitTeacher

Asked: August 7, 2021In: Business & Finance

______ principle means that the insured is not entitled to make a profit on his loss.

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a. Subrogation b. Indemnity c. Insurable interest d. Contribution e. Mitigation of loss

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AnkitTeacher

Asked: August 7, 2021In: Business & Finance

______ principle in insurance means maximum truth.

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a. Subrogation b. Causa Proxima c. Insurable interest d. Contribution e. Mitigation of loss

When the insurance companies tying up with banks to sell insurance such product is called _____

______are agents but they can sell policies of several life and non-life insurance companies at a time.

______are independent professionals appointed by an insurance company to assess the loss or damage when a claim is notified under a policy issued by them.

Which of the following in the insurance are just like the retailers of any consumer product who help in selling and distributing the product?

Which of the following amendment has allowed cooperative societies to carry on insurance business?

Which committee suggested the re-opening up of the insurance sector to private players?

Which principle in insurance mention the cause of loss must be direct and an insured one in order to claim for compensation?

The purpose of ______is to hold the negligent person responsible for the loss and prevent the insured from collecting twice for the same loss.

______ principle means that the insured is not entitled to make a profit on his loss.

______ principle in insurance means maximum truth.

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GBiswal

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