Question

In India, for what purpose are regulatory provisions strictly prohibiting the formation of groups primarily for group insurance covers?

a.

To prevent the formation of large groups

b.

To ensure that only employers can form groups

c.

To encourage the formation of diverse groups

d.

To prevent misuse of group insurance policies

Answer: (d).To prevent misuse of group insurance policies Explanation:Regulatory provisions in India prohibit the formation of groups primarily for the purpose of taking out group insurance covers to prevent misuse of group insurance policies.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. In India, for what purpose are regulatory provisions strictly prohibiting the formation of groups primarily for group insurance covers?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. When group policies are provided to other than employers, what is essential to determine?

Q. What is the key factor in pricing group policies?

Q. What is a corporate buffer or floater cover in group health insurance?

Q. What is a common feature of recent disease-specific health insurance covers in the Indian market?

Q. In disease-specific health insurance covers, what is the purpose of offering wellness benefits?

Q. Which age group can typically purchase a product designed to cover diabetic individuals?

Q. What is the maximum Sum Insured range for the product designed to cover diabetic persons?

Q. What does the term "Network Provider" refer to in the context of health insurance?

Q. What is the purpose of a "Preferred Provider Network (PPN)" in health insurance?

Q. What does "Cashless Service" mean in the context of health insurance?

Q. What is the role of a Third Party Administrator (TPA) in health insurance?

Q. How does a Third Party Administrator (TPA) facilitate a cashless service for health insurance?

Q. What is the minimum requirement for the number of inpatient beds in a hospital in towns with a population of less than 10,00,000?

Q. What criteria must a hospital meet to be considered eligible for health insurance coverage?

Q. Who can be considered a qualified medical practitioner for health insurance purposes?

Q. What is the purpose of restricting registered practitioners from being the insured or close family members?

Q. What does "reasonable and necessary expenses" refer to in a health insurance policy?

Q. When is it necessary to provide a notice of claim in a health insurance policy?

Q. What is the usual time limit for document submission in cases of reimbursement claims in health insurance?

Q. What is a "free health check" provision in individual health policies?

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!