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.

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Occupational,Avocational and Residential Risks MCQs | Page 2 of 9

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Q11.
Which of the following occupations are considered high-risk?

a.

Teachers

b.

Doctors

c.

Armed forces

d.

Bankers

Discuss
Answer: (c).Armed forces Explanation:Individuals employed in the armed forces face a variety of risks such as combat injury, handling of arms and ammunition, operation in areas of civil or political instability, etc. The risks factors associated with individuals employed in the armed forces are more complex in nature as compared to civilians, hence insurance policies designed for persons working for the armed forces are different from standard insurance policies. Teachers, doctors, and bankers do not face the same level of risks associated with their occupation as those in the armed forces.
Q12.
Which factors contribute to the mortality and morbidity risk for personnel employed in the armed forces?

a.

Specialized training

b.

Environmental exposure

c.

Improper working conditions

d.

All of the above

Discuss
Answer: (d).All of the above Explanation:Personnel employed in the armed forces face a variety of risk factors that can contribute to their mortality and morbidity. These risk factors include specialized training, environmental exposure, and improper working conditions. Specialized training is required for individuals in the armed forces to effectively carry out their duties, but improper training or a lack of training can increase the risk of accidents and injuries. Environmental exposure can also be a significant risk factor, as personnel may be exposed to hazardous materials, extreme temperatures, or other dangerous conditions. Finally, working conditions can also contribute to mortality and morbidity risk, as individuals in the armed forces may be required to work in cramped or dangerous environments.
Q13.
What are some of the risks associated with individuals employed in the armed forces?

a.

Bomb disposal

b.

Combat injury

c.

Arms and ammunition handling

d.

All of the above

Discuss
Answer: (d).All of the above Explanation:Individuals employed in the armed forces face various risks such as bomb disposal, combat injury, arms and ammunition handling, operation in areas of civil or political instability, etc. The risks factors associated with individuals employed in the armed forces are more complex in nature as compared to civilians.
Q14.
What is the risk associated with individuals employed as pilots in life insurance?

a.

High-risk

b.

Low-risk

c.

Medium-risk

d.

No risk

Discuss
Answer: (a).High-risk Explanation:In life insurance, individuals employed as pilots are considered to be 'high risk'.
Q15.
What are some of the major risks associated with individuals employed as pilots?

a.

Mortality or morbidity risk due to crash landing

b.

Mortality or morbidity risk due to terrorist attack

c.

Both a and b

d.

None of the above

Discuss
Answer: (c).Both a and b Explanation:Some major risks associated with individuals employed as pilots are mortality or morbidity risk due to crash landing and due to terrorist attack.
Q16.
What are the three factors attributed to risks associated with the aviation sector?

a.

Pilots, aircraft, causes internal to the insurer

b.

Pilots, aircraft, causes external to the aircraft

c.

Aircraft, causes external to the aircraft, underwriters

d.

Pilots, underwriters, causes internal to the aircraft

Discuss
Answer: (b).Pilots, aircraft, causes external to the aircraft Explanation:Risks associated with the aviation sector are generally attributed to mainly three factors: pilots, aircraft, and causes external to the aircraft.
Q17.
What factors do underwriters need to consider when assessing risks associated with pilots?

a.

Type of aircraft flown by the pilot

b.

Routes of flying

c.

Experience of the pilot

d.

All of the above

Discuss
Answer: (d).All of the above Explanation:Underwriters need to consider several factors for assessing the risks associated with pilots, such as the type of aircraft flown by the pilot, routes of flying, experience of the pilot, and more.
Q18.
Which type of aircraft is considered to be safer as compared to rotating wing aircraft?

a.

Fixed wing aircraft

b.

Twin engine aircraft

c.

Turbofan aircraft

d.

Turbo-prop aircraft

Discuss
Answer: (a).Fixed wing aircraft Explanation:Fixed wing aircrafts are considered to be safer as compared to rotating wing aircrafts (e.g. helicopters).
Q19.
Which type of aircraft is considered to be riskier as compared to turbo fan aircraft?

a.

Turbofan aircraft

b.

Twin engine aircraft

c.

Turbo-prop aircraft

d.

Fixed wing aircraft

Discuss
Answer: (c).Turbo-prop aircraft Explanation:Turbo-prop aircrafts are considered to be riskier as compared to turbo fan aircrafts.
Q20.
What are some of the factors that may arise beyond the control of pilots that underwriters need to consider?

a.

Dependable statistics

b.

Medical requirements for flying

c.

Tight controls on safety standards for the aircraft

d.

Causes external to the aircraft

Discuss
Answer: (d).Causes external to the aircraft Explanation:Underwriters also need to consider several factors that may arise which are beyond the control of pilots.
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