Taxpolis Interview Questions and Answers

Rewrite and reinstatement are two different methods of policy modification.

• Rewrite involves creating a new policy from scratch, while reinstatement involves restoring a lapsed policy.

• Rewrite may result in changes to coverage, premiums, and terms, while reinstatement typically restores the policy to its original state.

• Examples of when to use rewrite include major life changes or significant changes in risk, while reinst...read more

No, the company will not process the claim.

• The policy was cancelled in June due to non-payment.

• The policyholder reinstated the policy in September.

• The claim arises in August, which is before the policy was reinstated.

• Since the policy was not active in August, the company will not process the claim.

A diode is an electronic component that allows current to flow in only one direction. A transistor is a semiconductor device used to amplify or switch electronic signals.

• Diode is a two-terminal electronic component that conducts current primarily in one direction.

• Transistor is a three-terminal electronic component that can amplify or switch electronic signals.

• Diodes are commonly used in rectifiers, voltage regulators, ...read more

Arafat and linked list are unrelated concepts.

• Arafat is a name of a person, while linked list is a data structure used in computer science.

• Arafat is associated with the Palestinian leader Yasser Arafat, while linked list is associated with programming languages.

• There is no connection or comparison between Arafat and linked list.

Yes, I am planning to pursue a Master's degree in Data Science.

• I have been researching various universities and programs that offer a Master's degree in Data Science.

• I believe that a higher degree will help me gain a deeper understanding of the field and enhance my skills.

• I am particularly interested in courses that focus on machine learning and data visualization.

• I plan to continue working while pursuing my degree, so...read more

Bank reconciliation is the process of comparing a company's bank statement with its own accounting records.

• It helps to identify any discrepancies between the two records.

• It ensures that all transactions are accurately recorded in the company's books.

• It involves matching transactions on the bank statement with transactions in the company's accounting system.

• Any differences are investigated and resolved.

• Examples of items...read more

Cash flow statement is a financial statement that shows the inflow and outflow of cash in a business over a period of time.

• It shows the sources of cash and how it is used.

• It is divided into three sections: operating, investing, and financing activities.

• It helps in analyzing the liquidity and solvency of a business.

• Example: A company's cash flow statement shows that it has a positive cash flow from operating activities,...read more