Join the discussion
Add Comments
- Other Question (34q)
- Q1. The purpose of Insurance Premium Tax is to
- Q2. Alex decides to insure his factory. In doing this he is primarily...
- Q3. An agent, acting outside the terms of her agency agreement, binds her principal to a contr...
- Q4. How would an insurer's portfolio of motor claims be shown in terms of frequency and severi...
- Q5. What legally recognised financial relationship must exist, between a policyholder and the ...
- Q6. From April 2019. a small company with nine employees is in dispute with its insurer and wi...
- Q7. An insurance company has employed an individual from a rival firm to carry out a similar j...
- Q8. For which professional is professional indemnity insurance compulsory by statute?...
- Q9. If a surveyor is sent lo survey a risk, what does risk primarily refer to in this context?...
- Q10. A storm blew down the wall of a limber building. The failing wall broke electrical wiring,...
- Q11. The Financial Ombudsman Service will make a ruling on a dispute between...
- Q12. If a firm is said to be risk averse, this means that it...
- Q13. When motor insurance is purchased directly with an insurer, what is usually the main disad...
- Q14. An investor is unable to obtain insurance to protect his potential losses while trading on...
- Q15. What type of organisation is the British Insurance Brokers' Association?...
- Q16. The accident record for a printworks show that for every one major injury, there have been...
- Q17. If an insured signs an agreement with a hold harmless clause, this may prevent the insurer...
- Q18. A firm of insurance brokers invite Stuart. an underwriter who handles its account, on a Ca...
- Q19. A loss adjuster normally acts on behalf of the...
- Q20. The purpose of the EU solvency requirements for insurers and intermediaries is to...
- Q21. Which distribution channel for household insurance is typically characterised by high adve...
- Q22. Barbara owns a factory employing 20 people. What insurance is she required to hold by law?...
- Q23. Under the Consumer Rights Act 2015. a clause in a household insurance policy may be consid...
- Q24. A house slatls to have subsidence problems due to the negligence of a cable-laying company...
- Q25. An insured is temporarily disabled due to illness and unable to work. During this period, ...
- Q26. How is Insurance Premium Tax collected within the UK?...
- Q27. Who cedes business to a reinsurer?
- Q28. Which general rule does the Contracts (Rights of Third Parties) Act 1999 seek to modify?...
- Q29. An intermediary needs to place a large properly risk, however the insurance company can on...
- Q30. Under common law. when does the insured's duly of fair presentation cease with regard to d...
- Q31. When an insurer is aware that the total value of stock is more than the sum insured and is...
- Q32. An owner of a building reduces its sum insured from £1,000.000 lo £500.000 to save premium...
- Q33. If an insurer invokes the cancellation clause to cancel a policy mid-year due to a change ...
- Q34. Bye-laws are passed at the Lloyd's Market by the...
