Question

________ is a legal document setting out the terms and conditions of the contract.

a.

Proposal form

b.

Prospectus

c.

Cover Note

d.

Policy Bond

Answer: (d).Policy Bond Explanation:Policy Bond is a legal document setting out the terms and conditions of the contract.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. ________ is a legal document setting out the terms and conditions of the contract.

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What is the ceiling limit for the premium for all riders put together?

Q. Which of the following fall in the pre-sale stage of the insurance policy?

Q. What should be the font size of the Key Feature Document?

Q. What is the penal interest that the insurance company has to give to the claimant in case of delay in payment of claim?

Q. ___________was created by the Government of India for quick disposal of grievances of the insured customers.

Q. Free look option has to be exercised within how many days?

Q. Within how many days should a proposal be processed by the insurer?

Q. What is the temporary insurance certificate issued to the customer before issuing the insurance policy known as?

Q. What is the motive behind the Key Feature Document?

Q. Within what timeframe must a life insurance company settle or dispute a claim?

Q. What obligation does every insurer carrying on life insurance business have regarding policy lapses?

Q. What is the purpose of the Insurance Ombudsman?

Q. Within what timeframe can a customer cancel a life insurance policy under the free-look period option?

Q. What is the primary purpose of a policy bond?

Q. What should the proposal form avoid?

Q. What languages should forms and documents be made available in?

Q. What is emphasized regarding transparency at the time of sale and promotion?

Q. What is the primary goal of the Insurance Regulatory and Development Authority (IRDA) regarding insurers' guidelines?

Q. In what languages should the Key Feature Document be available?

Q. What font size should the title of the Key Feature Document be?

Recommended Subjects

Are you eager to expand your knowledge beyond IC 14 Regulations of Insurance Business? 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!