Question

In which classes of business are cover notes and certificates of insurance predominantly used?

a.

Life insurance

b.

Health insurance

c.

Marine and motor classes of business

d.

Property insurance

Answer: (c).Marine and motor classes of business Explanation:Cover notes and certificates of insurance are predominantly used in marine and motor classes of business.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. In which classes of business are cover notes and certificates of insurance predominantly used?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What responsibility does the agent have regarding the issuance of the cover note?

Q. What is the policy document in insurance?

Q. What is the role of a good insurance agent in premium payment?

Q. Which of the following is not a method of premium payment?

Q. According to IRDA Regulations, how should premium payments through net banking or credit/debit cards be made?

Q. What is the purpose of issuing a receipt after premium payment?

Q. What opportunity does the agent have when inquiring about the receipt of the Policy Document from the customer?

Q. What is the free-look period provision?

Q. In general insurance, what choice does the customer have at the time of policy renewal?

Q. What is the purpose of a Renewal Notice sent by general insurers?

Q. How do high producer agents maintain trust and loyalty with their clients?

Q. What is the crucial test that comes at the time of claim settlement?

Q. Identify the scenario where a debate on the need for insurance is not required.

Q. What is communication?

Q. In the context of communication, why is it important that the recipient understands the message?

Q. How does the effectiveness of communication vary?

Q. What role does an insurance agent play in communication?

Q. What are barriers to effective communication?

Q. What does not go on to make a healthy relationship?

Q. What is the importance of making a great first impression for an insurance agent?

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!