E05 試験問題を無料オンラインアクセス

Tim is a local insurance broker. He has authority to receive premiums for a personal lines insurer and earns commission from the insurer for sales. Paul, an elderly customer, asked Tim for advice regarding his personal insurance requirements and to assist with completing the proposal form for household insurance. In these circumstances, who, if anyone, is Tim's principal?

• A.No one as Tim is not a party to the insurance contract.
• B.The insurer at all times.
• C.Paul as it is a consumer contract.
• D.Both the insurer and Paul at different times.

Two liability policies with different insurers cover the same loss of £15,000,000. The limit of liability is
£10,000,000 under policy X and £20,000,000 under policy Y. Neither policy has a non-contribution clause.
What amount will policy Y contribute towards the claim payment?

• A.£9,000,000
• B.£10,000,000
• C.£5,000,000
• D.£7,500,000

A breach of warranty under the general law of contract legally entitles an injured party to

• A.avoid the contract ab initio.
• B.claim damages.
• C.obtain specific performance.
• D.avoid the contract from the date of the breach.

For this question more than 1 option is correct. You must select all the correct options to gain the mark.
The Insurance: Conduct of Business sourcebook (ICOBS) rules in respect of claims handling specify that an insurer must

• A.not unreasonably reject an insured's claim.
• B.handle a claims notification within 14 days.
• C.provide reasonable guidance to an insured to help him make a claim.
• D.settle a claim promptly once settlement has been agreed.

What is the most common for of corporation?

• A.Corporation sole.
• B.Registered corporation.
• C.Chartered corporation.
• D.Statutory corporation.