NIACL Administrative Officer Insurance Intermediaries — practice questions

Explore 2 free Insurance Intermediaries questions in NIACL Administrative Officer Insurance. Open each question or exercise to read its content, reference answers and available explanation.

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Insurance Intermediaries questions and exercises with answers

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Which of the following is NOT classified as an insurance intermediary acting as a channel of distribution per IRDA?Read the answer and worked solution →Split the sellers from the restRead the answer and worked solution →

Worked practice questions

Which of the following is NOT classified as an insurance intermediary acting as a channel of distribution per IRDA?

Brokers
Web-aggregators
Corporate agents
Insurance Repositories

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Correct answer: D. Insurance Repositories

1. IRDA classifies channels of distribution: insurance agents, corporate agents (incl. banks), brokers, micro-insurance agents, web-aggregators, others like Common Service Centres. 2. Insurance Repositories are listed separately under 'Other intermediaries' along with third-party administrators and surveyors. 3. Hence Repositories are not channels of distribution. _Source: IRDA Brochure (irdai.gov.in — official IRDAI publication) — "Intermediaries as Channels of distribution - Insurance agents - Corporate agents including banks - Brokers - Microinsurance agents - Web-aggregators - Others like Common Service Centres ... Other intermediaries - Third party administrators - Surveyors and loss assessors - Insurance Repositories"_

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Split the sellers from the rest

Read exercise and reference answers

Left

Sells policies

Items

Item
Insurance agents
Answer
Sells policies
Item
Surveyors
Answer
Other kind
Item
Brokers
Answer
Sells policies
Item
Corporate agents
Answer
Sells policies
Item
Repositories
Answer
Other kind
Item
Web aggregators
Answer
Sells policies
Item
Third party admins
Answer
Other kind

Right

Other kind

Instructions

Swipe left for an intermediary that distributes policies, swipe right for any other kind.

_Source: IRDA Brochure (irdai.gov.in — official IRDAI publication) — "Intermediaries as Channels of distribution - Insurance agents - Corporate agents including banks - Brokers - Microinsurance agents - Web-aggregators - Others like Common Service Centres ... Other intermediaries - Third party administrators - Surveyors and loss assessors - Insurance Repositories"_

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