Question
a.
Discounts for loyal customers
b.
Any form of advertising
c.
Inducements for purchasing insurance
d.
Use of electronic signatures
Posted under IC38 Life Insurance Agent Exam
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. What does Section 41 in an insurance prospectus prohibit?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. Which of the following is not typically found in an insurance prospectus?
View solution
Q. What does the term "nomination" refer to in the context of an insurance prospectus?
View solution
Q. Which of the following it not usually part of the insurance prospectus?
View solution
Q. What is the purpose of a Proposal Form in the insurance application process?
View solution
Q. What is the "Principle of Utmost Good Faith" associated with when it comes to the Proposal Form?
View solution
Q. How long should the insurer take to provide a copy of the proposal submitted by the insured, as per IRDAI guidelines?
View solution
Q. Which party is responsible for ensuring the timely refund of a proposal deposit if it is refundable?
View solution
Q. In the insurance context, what does "duty of disclosure" refer to?
View solution
Q. What can be the format of a Proposal Form?
View solution
Q. How long does the insurer have to provide a copy of the proposal to the insured, as per IRDAI guidelines?
View solution
Q. In which stage of the insurance process does the duty of disclosure begin?
View solution
Q. What is the main consequence of providing incorrect or concealed information on the Proposal Form?
View solution
Q. What is the primary purpose of the Proposal Form in the insurance documentation process?
View solution
Q. What kind of information is collected in the Proposal Form for life and health insurances?
View solution
Q. In addition to personal details, what other information may be asked for in the Proposal Form depending on the insurance product?
View solution
Q. What is the role of insurance advisors in the Proposal Form process?
View solution
Q. Which document(s) may be collected to determine the true identity of the proposer?
View solution
Q. What is the primary purpose of the declaration at the end of the Proposal Form?
View solution
Q. What is the role of the declaration in the Proposal Form regarding the principle of utmost good faith?
View solution
Q. What information does the Proposal Form typically collect from the proposer?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC38 Life Insurance Agent Exam? We've handpicked a range of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!
