RSK3702 EXAM
PACK 2022
RSK3702
RISK MANAGEMENT: LONG TERM INSURANCE
SECTION A: MULTIPLE- CHOICE AND TRUE/ FALSE QUESTIONS
Indicate the correct answer to each question by drawing a circle around the number of the correct
option.
QUESTION 1
1.1 The following applies to Term insurance
Answer....
SECTION A: MULTIPLE- CHOICE AND TRUE/ FALSE QUESTIONS
Indicate the correct answer to each question by drawing a circle around the number of the correct
option.
QUESTION 1
1.1 The following applies to Term insurance
Answer. 3. The sum insured is only payable if death occurs within the specified term of the contract.
1.2 Pure endorsements policies.
Answer. 2. Are issued on a with profit or without the profit basis.
1.3 Morbidity rates
Answer 2.2 are used to calculate premiums for disability benefits the proposer might want.
1.4 Indicate the correct
Answer. 4. Indexed annuities are normally issued with a minimum annual interest to protect the
investor against stock crashes.
1.5 With an assistance business group by either party to the policy>
Answer.3. a, c, d
1.6 Restrictions to new policies that are issued in accordance to part 4 of the Regulations to the
Long Term Insurance Act include.
Answer. 3. b, c
1.7 Indicate the correct statement
Answer. 3. Proper underwriting helps guard against anti- section in life insurance.
1.8 Indicate the correct statement.
Answer. 4. Policy loans are paid out with money retained in the reserve account of the life insurer.
1.9 Define contribution funds
Answer. 3. Have an easily calculated member share of the fund
1.10 Mr A and B are equal partners in a business of one of their concerns is the area of control
over the interest or share in the business should one of them pass away. They both realise that it
would be to their advantage to make arrangements for the continuation of the business while
they both are still able to do so One of the options they might consider is to
Answer. 2. Enter into a buy and sell agreement.
QUESTION 2
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