Free CII IF1 Exam Questions
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CII IF1 Exam Questions
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Provided By: CII
- Exam: Insurance Legal and Regulatory (IF1)
- Certification: Certificate in Insurance
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Total Questions: 101
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Updated On: Sep 27, 2024
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Rated: 4.9 |
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Online Users: 202
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Question 1
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If a surveyor is sent lo survey a risk, what does risk primarily refer to in this context?
Answer: B
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If a surveyor is sent lo survey a risk, what does risk primarily refer to in this context?
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Question 2
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The purpose of the EU solvency requirements for insurers and intermediaries is to
Answer: A
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The purpose of the EU solvency requirements for insurers and intermediaries is to
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Question 3
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Joel buys a house in a flood plain, but it has NOT flooded for 10 years. In purchasing insurance, Joel is managing what element of risk?
Answer: A
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Question 4
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John and his wife arrange a household contents insurance policy in joint names with insurer A for a sum insured of £10,000. His wife arranges a second policy on the same basis with insurer B for a sum insured of £20,000. Both policies have identical terms and conditions. What is insurer A's liability if a valid claim of £3,000 is subsequently made?
Answer: A
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Question 5
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If an insurer invokes the cancellation clause to cancel a policy mid-year due to a change in the risk, how much of the premium, if anything, is normally returned to the policyholder?
Answer: A
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