Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-7

  • question_answer
    An agency which holds electronic records of insurance policies issued to individuals is known as

    A)  Insurance Depository

    B)  Insurance Attorney

    C)  Stock Insurance Company

    D)  Insurance Actuary

    E)  Insurance Repository

    Correct Answer: E

    Solution :

     An Insurance Repository (IR) is a facility to help policyholders buy and keep insurance policies in electronic form, rather than as a paper document, Insurance Repositories, like Share Depositories or Mutual Fund Transfer Agencies, will hold electronic records of insurance policies Issued to individuals and such policies are called electronic policies' are Policies'.


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