IF1 무료 덤프문제 온라인 액세스

If a proposer has failed to fully answer a question on a proposal form, the insurer is deemed to have waived its rights to this information because it

• A.did not request further information.
• B.should be able to underwrite the risk based on the information already provided.
• C.does not have the right to ask the proposer for more information.
• D.has statistics on similar risks.

What are the other key components of risk apart from uncertainty?

• A.Financial losses.
• B.Financial losses and speculation.
• C.The level of risk, peril and hazard.
• D.Low severity losses and low frequency losses.

What type of reduction is sometimes applied to the replacement cost of an item under an insurance policy claim in order to reflect the application of indemnity?

• A.Loss of interest.
• B.Brokerage.
• C.Wear and tear.
• D.An excess.

It is important to ensure the fair treatment of customers in order to comply with rules set by the

• A.British Insurance Brokers' Association.
• B.Financial Conduct Authority.
• C.Association of British Insurers.
• D.Chartered Insurance Institute.

Why is effective risk management important to an insurer?

• A.It helps to reduce a company's loss exposure.
• B.It always reduces costs.
• C.It increases premium income.
• D.It increases the insurer's capacity.