Question

In which of the following cases would insurers insist on medical examination and reports?

a.

Where the sums assured are very high

b.

Where the age of assured is very high

c.

Both of the above

d.

None of the above

Answer: (c).Both of the above Explanation:Both a and b are cases when insurers would insist on medical examination and reports.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. In which of the following cases would insurers insist on medical examination and reports?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. In pricing of insurance products, taxes are considered as an example of which of the following category of expenses?

Q. Present value of premium is equal to which of the below?

Q. Pricing of insurance products is directly related to which of the below?

Q. What do insurers consider while determining the expected volume of business?

Q. What factors do insurers consider while determining the optimum size of a policy?

Q. What influences the pricing of insurance products according to regulations?

Q. How is commission payment usually expressed in insurance?

Q. What are the types of premium payment?

Q. What does the cost of expenses in insurance include?

Q. What does the cost of benefit in insurance represent?

Q. How can the equation of value for insurance products be expressed?

Q. Which factor should pricing meet for insurance products?

Q. What is the term used for the price paid for buying insurance?

Q. What is the basis for calculating the net yield?

Q. How should mortality and morbidity charges be treated in the calculation of net yield?

Q. What are non-negative claw-back additions in unit linked products?

Q. What is the maximum allowable net reduction in yield at maturity for policies with a term of more than 10 years?

Q. What is the purpose of the Reduction in Yield requirement for linked and variable insurance products?

Q. What is the cap on Fund Management Charges for each segregated fund?

Q. What is the limitation on charges for unit linked products?

Recommended Subjects

Are you eager to expand your knowledge beyond IC 92 Actuarial Aspects of Product Development? 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!