Download OU (Osmania University) B.com (Bachelor of Commerce) 6th Sem Regulation of Insurance Business Important Question Bank For 2021 Exam
Subject Title: Regulation of Insurance Business
Prepared by: D.Rajitha
Year: III
Semester: VI
Updated on: 23-3-
Unit - I: Insurance Legislation in India
1.
Define Life Insurance. Explain the evolution of Life Insurance.
2.
Write about the insurance Business Act, 1972.
3.
What is the role of IRDA in Insurance business?
4.
Write about IRDA and Discuss the objectives, duties and powers of IRDA?
5.
Write a short note on TPAs, Surveyors, Web Aggregators, Money laundering and KYC.
6.
Discuss in detail about Micro-Insurance.
7.
Explain in detail the Growth of life insurance in India.
8.
Write about insurance legislation of India.
9.
Write in Detail about the procedure of granting, refusal and cancellation of IRDA license.
10. What are the various insurance Intermediaries and what are their operations?
11. What do you mean by (ULIPs), Advantages and disadvantages of ULIPs, What are the types
of ULIPs? Discuss briefly.
12. What is Premium? Different types of Premium?
13. What is Premium Receipt? What are its types?
14. What is Health insurance? Explain its Importance and various health insurance policies in
India.
15. What are health plus combi products? State the guidelines of IRDA in relation to it.
Unit - II: policy holders rights of Assignment, Nominaton and Transfer
16. What do you mean by repudiation or breach of contract? What are its types?
17. Write in detail about free look period.
18. What are the matters stated in the regulations 2017 of IRDA, related to general, life and health
insurance policies
19. What is claim settlement? Discuss in detail procedure for claim settlement for life insurance
policies.
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20. Explain in detail the various documents used in life insurance policy.
21. What is IAIS? How is the Insurance Market regulated counties such as Canada, EU and China.
22. Define Assignment. What are the conditions for valid assignment? State the reasons for
assignment. Different types and process of assignment.
23. What Is Insurance Fraud? Discuss the various types of Insurance frauds.
24. Explain in detail the Grievance Redresal mechanism available for insurance policies.
25. Explain in detail the various documents used in life insurance policy and General insurance
policy.
26. What do you mean by insurance Ombudsman? Briefly Discuss about the rules related to
insurance Ombudsman
27. Write about solvency margin and investments..
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This post was last modified on 23 January 2021