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  1. Home
  2. CII
  3. Insurance Legal and Regulatory (IF1) Exam
  4. CII.IF1.v2022-10-26.q34
  5. Question 1

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Question 1/34

John wishes to insure his friend's house. Why would an insurer refuse to provide a quotation?

Correct Answer: A

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Other Question (34q)
Q1. John wishes to insure his friend's house. Why would an insurer refuse to provide a quotati...
Q2. An insurance company has employed an individual from a rival firm to carry out a similar j...
Q3. A firm of insurance brokers holds client records on an index card system and does NOT inte...
Q4. A house slatls to have subsidence problems due to the negligence of a cable-laying company...
Q5. What are the other key components of risk apart from uncertainty?...
Q6. Which key test for money laundering is defined under the Proceeds of Crime Act 2002?...
Q7. Self-insurance arises when a
Q8. How does insurable interest arise, if at all. when an insurer arranges reinsurance?...
Q9. The accident record for a printworks show that for every one major injury, there have been...
Q10. To whom, if anyone, can an agent normally delegate the responsibility imposed on net under...
Q11. Why is effective risk management important to an insurer?...
Q12. An agent, acting outside the terms of her agency agreement, binds her principal to a contr...
Q13. Barbara owns a factory employing 20 people. What insurance is she required to hold by law?...
Q14. The website of an insurer must include the company's registered name, trading address, con...
Q15. A Terms of Business Agreement between an insurer and an intermediary sets out the...
Q16. An intermediary needs to place a large properly risk, however the insurance company can on...
Q17. Harry owns a sports car valued at £1.000 and agrees to sell it to Ben for £500. Ben discus...
Q18. John has a whole of life policy and has recently been diagnosed with cancer. When, if at a...
Q19. Which typo of insurer is owned by multiple policyholders?...
Q20. If the amount to be paid in the event of a total loss of insured property is agreed betwee...
Q21. What legally recognised financial relationship must exist, between a policyholder and the ...
Q22. How is Insurance Premium Tax collected within the UK?...
Q23. The Financial Ombudsman Service will make a ruling on a dispute between...
Q24. Joel buys a house in a flood plain, but it has NOT flooded for 10 years. In purchasing ins...
Q25. How would an employee benefit directly from her employer's business interruption insurance...
Q26. In order for a contract to be legally enforceable, what further action is required after o...
Q27. Under the Insurance: Conduct of Business sourcebook (ICOBS) on product disclosure, what in...
Q28. If a firm is said to be risk averse, this means that it...
Q29. Who is represented by a loss assessor?
Q30. A policyholder achieves peace of mind when insuring his car by...
Q31. John and his wife arrange a household contents insurance policy in joint names with insure...
Q32. When Susan applied for a new household contents insurance policy, she was obliged to discl...
Q33. If a surveyor is sent lo survey a risk, what does risk primarily refer to in this context?...
Q34. A claim has arisen which is fully covered under insurer A's policy and insurer B's policy....
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