Join the discussion
Question 1/34
John wishes to insure his friend's house. Why would an insurer refuse to provide a quotation?
                Correct Answer: A
                    
                Add Comments
- 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....
 
    
 
            