IF1 Course Re-cap

Which of the following is a professional body

Which of the following is a market association

The FSCS stands for

A peril is

A bailee is

At Lloyd's a 'slip' is

Mitigating losses means to keep costs down. True or false?

Contribution applies to a benefit policy. True or false?

Which of the following policies is it common to allow customers to choose to be under insured

A livestock policy can be under insured by up to

What is a levy

Subrogation rights do not apply to

Which of the following is a trade association

Which of the following policies is likely to be sold by an appointed representative

An example of consolidation in the insurance market is

Pecuniary insurance relates to

An aggregator is

IPT within the UK is not paid on which type of policy

Actuaries look at

The percentage of compensation that the FSCS will give for compulsory insurance is

Which of the following is a material fact that does not need to be disclosed

A loss adjuster would be used when

The PRA primarily look after the interests of customers. True or false?

The calculation applied to under insurance is

The law of large numbers requires

A fundamental risk is

A composite insurer deals with most types of general insurance. True or false?

Risk control involves

Which of the following originally brought about change to Utmost Good Faith

Which of the following Acts requires a 'fair presentation' of a risk