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Exam L4M3 Topic 2 Question 219 Discussion

Actual exam question for CIPS's L4M3 exam
Question #: 219
Topic #: 2
When a supplier signs an insurance policy with an insurance company, which of the following is transferred to insurance company?

Suggested Answer: B Vote an answer

An insurance policy transfers a specific set of risks such as the fire and flood risk for a particular asset.
The legal liability does not transfer to the insurance company (known as insurer).
Reference: CIPS study guide page 150
LO 3, AC 3.2

by Angela at Jul 08, 2026, 04:05 AM

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