IF1 試験問題を無料オンラインアクセス

Lloyd's is known as a subscription market because

• A.a fee must be paid.
• B.a number of syndicates accept a share of the same risk.
• C.the underwriter assigns his signature individually to each risk.
• D.if an insurer writes a particular class, he is expected to subscribe to the majority of these risks.

Peter currently has no penalty points on his driving licence, although he was convicted of a minor motoring offence eight years ago. Why does Peter NOT need to disclose this to his motor insurer?

• A.It represents a moral hazard.
• B.It is a spent conviction.
• C.It represents a physical hazard.
• D.It is information that would not influence an underwriter.

When an insurer is aware that the total value of stock is more than the sum insured and issues a policy on this basis, this is known as

• A.an indemnity policy.
• B.a first loss policy.
• C.a real statement.
• D.a new for old policy.

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

• A.physical hazard.
• B.pure risk.
• C.fundamental risk.
• D.moral hazard.

Under the Consumer Rights Act 2015. a clause in a household insurance policy may be considered unfair if it

• A.allows any party other than the insured to enforce the insurer's obligations under the policy.
• B.causes a significant imbalance in the parties' rights and obligations arising under the contract, to the disadvantage of the insured.
• C.imposes unreasonable obligations on the insurer in terms of costs or expenses that must be paid in addition to the amount of any loss.
• D.discriminates against one of the persons insured on the grounds of nationality, gender or sexual orientation only.