QUESTION NO: 2
The Financial Ombudsman Service will make a ruling on a dispute between
The Financial Ombudsman Service will make a ruling on a dispute between
Correct Answer: A
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QUESTION NO: 3
When a member of the Chartered Insurance Institute (CM) is dealing with a client, what specific guidance does the Code of Ethics give in relation to the member's knowledge and expertise?
When a member of the Chartered Insurance Institute (CM) is dealing with a client, what specific guidance does the Code of Ethics give in relation to the member's knowledge and expertise?
Correct Answer: B
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QUESTION NO: 4
A claim has arisen which is fully covered under insurer A's policy and insurer B's policy. Insurer A's policy has a sum insured of £30,000 and insurer B's policy has a sum insured of £50,000. What proportion of the claim is insurer B liable for if the principle of contribution applies on a rateable proportion by sum insured basis?
A claim has arisen which is fully covered under insurer A's policy and insurer B's policy. Insurer A's policy has a sum insured of £30,000 and insurer B's policy has a sum insured of £50,000. What proportion of the claim is insurer B liable for if the principle of contribution applies on a rateable proportion by sum insured basis?
Correct Answer: A
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QUESTION NO: 5
Which key test for money laundering is defined under the Proceeds of Crime Act 2002?
Which key test for money laundering is defined under the Proceeds of Crime Act 2002?
Correct Answer: D
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QUESTION NO: 6
A Terms of Business Agreement between an insurer and an intermediary will normally state that the insurer will deal with the policyholder
A Terms of Business Agreement between an insurer and an intermediary will normally state that the insurer will deal with the policyholder
Correct Answer: D
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QUESTION NO: 7
How do an insurer's subrogation rights differ, if at all, between a theft policy and a personal accident policy?
How do an insurer's subrogation rights differ, if at all, between a theft policy and a personal accident policy?
Correct Answer: B
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QUESTION NO: 8
How would an employee benefit directly from her employer's business interruption insurance if its factory was forced to close temporarily due to flood damage?
How would an employee benefit directly from her employer's business interruption insurance if its factory was forced to close temporarily due to flood damage?
Correct Answer: C
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QUESTION NO: 9
Joe is a broker who has become a Fellow of the Chattered Insurance Institute. If he would like to use the title Chartered Insurance Broker, what must he do. if anything?
Joe is a broker who has become a Fellow of the Chattered Insurance Institute. If he would like to use the title Chartered Insurance Broker, what must he do. if anything?
Correct Answer: A
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QUESTION NO: 10
When completing a proposal form, Tom declares that he has two spent speeding convictions. How, if at all, will the spent convictions affect an underwriter's decision to write the risk?
When completing a proposal form, Tom declares that he has two spent speeding convictions. How, if at all, will the spent convictions affect an underwriter's decision to write the risk?
Correct Answer: D
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