Occupational,Avocational and Residential Risks MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Occupational,Avocational and Residential Risks, a fundamental topic in the field of IC22 Life Insurance Underwriting. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Occupational,Avocational and Residential Risks MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Occupational,Avocational and Residential Risks mcq questions that explore various aspects of Occupational,Avocational and Residential Risks problems. Each MCQ is crafted to challenge your understanding of Occupational,Avocational and Residential Risks principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace IC22 Life Insurance Underwriting tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Occupational,Avocational and Residential Risks MCQs are your pathway to success in mastering this essential IC22 Life Insurance Underwriting topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Occupational,Avocational and Residential Risks. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Occupational,Avocational and Residential Risks knowledge to the test? Let's get started with our carefully curated MCQs!

Occupational,Avocational and Residential Risks MCQs | Page 1 of 9

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Q1.
What are the significant non-medical factors that affect the mortality and morbidity of individuals?

a.

Occupation, avocation, and residence

b.

gender

c.

income

d.

None of the above

Discuss
Answer: (a).Occupation, avocation, and residence Explanation:The significant non-medical factors that affect the mortality and morbidity of individuals are occupation, avocation, residence, financial status, and moral hazard.
Q2.
What is a 'high-risk occupation' in life insurance underwriting?

a.

An occupation that pays high salary

b.

An occupation where the risk of mortality and morbidity is high

c.

An occupation that involves physical labor

d.

None of the above

Discuss
Answer: (b).An occupation where the risk of mortality and morbidity is high Explanation:A 'high-risk occupation' in life insurance underwriting is an occupation where the risk of mortality and morbidity is high.
Q3.
What factors do underwriters assess to evaluate the extra exposure to risk with respect to an individual's occupation?

a.

Details of occupation, nature of duties, activities performed, and history of accidents

b.

Age and gender

c.

Family history and medical conditions

d.

None of the above

Discuss
Answer: (a).Details of occupation, nature of duties, activities performed, and history of accidents Explanation:Underwriters assess factors such as details of occupation, nature of duties, activities performed, and history of accidents (if any) encountered with respect to occupation to evaluate the extra exposure to risk.
Q4.
What are the sources of information that underwriters can use to assess occupational, avocational, and residential risks?

a.

Application form, occupation/avocation/residential questionnaire, underwriting manual, and medical examiner report

b.

Family history, medical records, and government databases

c.

Financial statements and tax returns

d.

None of the above

Discuss
Answer: (a).Application form, occupation/avocation/residential questionnaire, underwriting manual, and medical examiner report Explanation:The sources of information that underwriters can use to assess occupational, avocational, and residential risks are the application form (proposal form), occupation/avocation/residential-supplementary questionnaire, underwriting manual, internet, government database, other relevant publications, and medical examiner report.
Q5.
What is the guiding principle for constructing questions related to occupational, avocational, and residential risks?

a.

All questions should be left open-ended to allow for a variety of responses

b.

Questions should be carefully constructed and responses should be carefully evaluated to avoid ambiguity or omission

c.

Questions should only focus on medical history and conditions

d.

None of the above

Discuss
Answer: (b).Questions should be carefully constructed and responses should be carefully evaluated to avoid ambiguity or omission Explanation:The guiding principle for constructing questions related to occupational, avocational, and residential risks is that questions should be carefully constructed and responses should be carefully evaluated to avoid ambiguity or omission.
Q6.
What is the purpose of assessing extra exposure to risk in high-risk occupations and avocations?

a.

To increase the premium for the individual

b.

To assess the association with physical injuries, diseases and psychological conditions

c.

To discourage people from pursuing high-risk occupations

d.

To increase the chances of accidental death or disability

Discuss
Answer: (b).To assess the association with physical injuries, diseases and psychological conditions Explanation:Certain occupations and avocations expose individuals to extra risk of accidental death or disability, and underwriters need to assess this extra exposure to risk by gathering details of the occupation, nature of duties, activities performed, etc. in order to appreciate the association of such occupations and avocations with physical injuries, diseases, and psychological conditions. This information is necessary to properly evaluate the risk and determine the appropriate premium for the individual.
Q7.
What are the risk factors associated with different occupations that can increase the chances of accident for an individual?

a.

The amount of training required for the job

b.

The work environment

c.

The type of equipment used

d.

All of the above

Discuss
Answer: (d).All of the above Explanation:The risk factors include specialised training, environmental exposure, equipment used, materials used, working conditions, physical requirements, and location.
Q8.
What is the impact of improper working conditions on mortality and morbidity?

a.

It has no impact

b.

It decreases mortality and morbidity

c.

It increases mortality and morbidity

d.

It depends on the type of working conditions

Discuss
Answer: (c).It increases mortality and morbidity Explanation:Improper working conditions, such as working at heights, in extreme temperatures, or in dangerous environments, can increase the risk of physical injury or illness, which in turn can increase mortality and morbidity rates.
Q9.
Which occupation requires certain levels of physical fitness, and if medical screening tests are not carried out effectively, can increase the chances of mortality and morbidity?

a.

Building construction workers

b.

Electricians

c.

Aviation professionals

d.

Mine workers

Discuss
Answer: (c).Aviation professionals Explanation:Certain professions such as aviation require certain levels of physical fitness, and if medical screening tests are not carried out effectively, then chances of mortality and morbidity increase.
Q10.
What is the most common extra risk exposure involved in occupations?

a.

Environmental exposure

b.

Improper working conditions

c.

Physical requirements

d.

All of the above

Discuss
Answer: (d).All of the above Explanation:Certain occupations and avocations expose the individuals participating in it to extra risk of accidental death or disability. Risk factors associated with different occupations that can increase the chances of accidents for an individual are specialized training, environmental exposure, equipment used, materials used, working conditions, physical requirements, and location. Therefore, the most common extra risk exposure involved in occupations is a combination of all of the above factors, as they are all potential risk factors that can increase the chances of accidents and mortality/morbidity.
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