Legal Aspects of Life Assurance (IC 24): Previous year paper

Legal Aspects of Life Assurance (IC 24): Previous year paper

iii exam is held fourth time every year – Once in March, May, September and in November.  Legal Aspects of Life Assurance (IC-24) exam We provide Recollected Questions (Memory based Questions) . In these papers, maximum questions are repeated in every exam. So, Ambitious baba is providing you with IC 24 Previous year Question Legal Aspects of Life Assurance (IC-24) . These Previous years Questions Legal Aspects of Life Assurance (IC-24) will be very useful in upcoming Exam.

Ic24 review (Sept 2021): Paper was easy . Reading book thoroughly is enough to pass exam.

Questions asked:

  1. Many questions were asked from difference between nomination and assignment
  2. Administrators General Act
  3. Limitation Act 1963
  4. Grace period
  5. Categorisation of property as per Indian law
  6. Numerical on wealth tax
  7. Section 11 of Indian contract act
  8. Section 3(2) of irdai act
  9. Section 5 of irdai act
  10. Regarding Mohamaden law
  11. Will
  12. Code of conduct of insurance agents
  13. Group insurance and individual insurance difference

Previous Year Questions 

  1. IRDIA act – sec 4 (2-3Qns) read in detail

– sec 3(2) deals with

– act enacted in year 1999

– its enactment has altered which acts – LIC act , Inusrance act and Gen insurance act

  1. Under cooling off can cancellation what deduction will be made – processing charges,stamp duty, mortality charges etc.
  2. LIC act – section 6 deals with (2-3) qns

– central govt give directives to LIC under – sec 21

– sec 2(10B) deals with

– LIC can inherit assets abnd liabilities of earstwhile insurnace companies – which section

  1. Citizenship act – who have born after 26.1.1950 are citizens – sec 3

– citisenship through registration and normalization – sec 5 & Sec 6

– which countires residents are excluded (like some thing sec 4) – Pakistan and Bangladesh

  1. Contract of indemnity under Indian contracts act covered under section – Sec 124

 

  1. Consumer protection act – within how may days one has to make appeal on orders given by lower forum

– Composition of State commission

– Composition of National Commission

-Rules(15,16,17 etc) on some thing like subject of complaint and award given is binding – 2qns

– service is defined under which section

– 2 Qn on consumer rights – right to be infored and right to redressal

  1. IT act 2000 – Sec 1(4) deals with?

– Sec 35 deals with – procedure to apply digital signature

  1. act enacted in year 1936 – payment of wages act
  2. act enacted in year 1923 – workers compensation act
  3. Laws made by pariament will be applicalbe to all states except Jammu & Kashmir
  4. qn on def of specail contract
  5. qn on Sec 25 of Indian stamps act – point number 3 (annuity payable for indefinite period) – answer 12 years
  6. 3 Qn on time limits with in which one has to make payment of stamp duty( like contract executed in india 30 days,

instruments executed outside india – 3 months)

  1. Marriage women property act – claim will be paid to trustee

– who can be added as beneficiers – wife and children

  1. How many days one has to stay in india to call him resident indian – 182 days
  2. qn on prof. Grey definition of law
  3. problem on paid up value
  4. Qn on Article 245 of Indian constitution

19  2-3 Qn on FSA act 1986 (UK)

20 Life assurance act enacted in 1870(UK)

21 Permanent disability definition

22 some section in Fema act – rbi make regullations

23 2qns on heriditary commissionn – minimum businees and on definion

  1. Nomination Vs assignment one talbe is there in book – 6-7 qns asked from that table
  2. when will Letter of adiministration is given (in relation to WILL)

26 qn on definition of WILL

27 Rome convention came into effective from ? date

28 disinvestment amount comes under

29 Sec 16 and sec 17 Contracrt act ( consent by undue influence and fraud)

30 claim has to be settlled within -30 days

31 ITAT deals with – income tax

32 who cant enter into contract

33 declination of assignment has to be informed to PH with in 30 days

34 Deficit reduction act(USA)

35 some qn from fire insurance – with in how many days one has take credit after payment of premium or some thing (i never

came across that topic in book).

36 qn on integration under money laundering

37 classification of insurance in UK – two Qns like which doesnt come under general insurane

 

Rajeshwaar, [18.09.21 20:28]

38 Small cases count amount limit -25000

39 qn on city and metro court

40 suicide clause applicable for  -12 months

41 qn of definion of prospectus

42 qn on definition of proposal under contract

43 qn on contract by novioto

44 malhotra committe year

45 one qn on male died interstate under Hindu succession act – hiers are divided into how many categories

46 sec which deals with female dying interstate unde Hindu succession act

47 Free look  period in UK.

48 Qn on discharge form

49 Sec under Insurance act under which customer had right to get renewal premium notice.

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iii Exam Yearly SUBSCRIPTION Online Mock Tests All Subject cover for 1 year validity Click Here
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IC 77 Engineering insurance 1100+ Questions Click Here
IC 23 Application of life Assurance 1000 Questions Click Here
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IC 71 Agriculture insurance 500+ Questions Click Here
IC 74 Liability Insurance with Memory based 1100+ Questions Click Here
IC -67 Marine 1300 questions with Actual Memory based Mock Click Here
IC 57 Fire 1300 questions with Actual Memory based Mock Click Here
IC 26 life Insurance finance 1000 questions with Actual Memory based Mock Click Here
IC -11 Practice of general insurance 700 questions with Actual Memory based Mock Click Here
IC-14 Regulation of insurance business 650+ questions with Actual Memory based Mock Click Here
IC -90 HRM 865 questions with Actual Memory based Mock Click Here
IC 92 1000 questions with Actual Memory based Mock Click Here
IC 86 Risk Management 1300 questions with Actual Memory based Mock Click Here
IC 72 Motors 650 questions with Actual Memory based Mock Click Here
IC -78 Misc 1300 questions with Actual Memory based Mock Click Here
IC 85 Reinsurance 1300 questions with Actual Memory based Mock Click Here
IC 76 Aviation 500+ questions with Actual Memory based Mock Click Here
IC 27 Health Insurance 500 questions with Actual Memory based Mock Click Here
IC 45 General insurance underwriting 550 questions with Actual Memory based Mock Click Here
IC 02 Practice of life insurance 410 questions with Actual Memory based Mock Click Here
IC 01 Principal of insurance 600 questions with Actual Memory based Mock Click Here
IC 38 in English 400 Q Click Here
IC 89 Management Accounting 900 Questions Click Here
SURVEYORS EXAMS IC S01 1000+ Questions Click Here

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