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Q38. To whom, if anyone, can an agent normally delegate the responsibility imposed on net under an agency agreement?

Q39. Which distribution channel for household insurance is typically characterised by high advertising and promotional costs, with no payment of commission?

Q40. Who is represented by a loss assessor?

Q41. What are the other key components of risk apart from uncertainty?

Q42. Under a coinsurance arrangement, who is ultimately responsible for payment of an agreed claim?

Q43. Alex decides to insure his factory. In doing this he is primarily

Q44. What type of organisation is the British Insurance Brokers’ Association?

Q45. A policyholder achieves peace of mind when insuring his car by

Q46. 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?

Q47. 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

Q48. A broker collects premiums on behalf of an insurer and subsequently goes into liquidation. Various premiums are outstanding to the insurer, despite policyholders having paid the broker What action is the insurer most likely to take?

Q49. A risk control survey shows that premises proposed for insurance are in close proximity to a river with a history of flooding. The underwriter will consider this fact to be a

Q50. Julie has cancelled her trip to tlaly as she has broken her leg. Which type of insurance policy is specifically designed to compensate Julie for any cancellation charges she has incurred?

Q51. 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?

Q52. Which key test for money laundering is defined under the Proceeds of Crime Act 2002?

Q53. John has a whole of life policy and has recently been diagnosed with cancer. When, if at all. must he disclose this to his insurer?

Q54. An insurance company has employed an individual from a rival firm to carry out a similar job. At which stage would the regulatory requirements for retaining training and competence records first apply to the new employee, if at all?

Q55. The main purpose of the fair treatment of customers initiative is to

Q56. When a member of the Chartered Insurance Institute (CM) is dealing with a client, what specific guidance does the Code of Ethics give in relation to the member’s knowledge and expertise?