Insurance - Study Mode

[#316] Prospectus is a document which is _________
Correct Answer

(D) Providing details about product

Explanation

Solution: Prospectus is a document which is Providing details about product. A prospectus includes some of the following information: A brief summary of the company's background and financial information. The name of the company issuing the stock. The number of shares.

[#317] Which is not provided in a Prospectus?
Correct Answer

(C) Documents required for claim

Explanation

Solution: Documents required for claim is not provided in a Prospectus.

[#318] In relation to annuities, what does “liquidation period” refer to?
Correct Answer

(B) Period during which the insurer makes annuity payments

Explanation

Solution: “Liquidation period” refer to period during which the insurer makes annuity payments.

[#319] Cold calling is
Correct Answer

(C) Meeting people unannounced

Explanation

Solution: Cold calling is a technique whereby a salesperson contacts individuals who have not previously expressed an interest in the products or services that are being offered.

[#320] Surplus would arise in an insurance company, if
Correct Answer

(B) The actual experience is better than what it had assumed

Explanation

Solution: When the actual experience of an insurance company is better than what it had assumed, the result would be surplus (profit) for the company.