IF1 試験問題を無料オンラインアクセス

Harry owns a sports car valued at £1.000 and agrees to sell it to Ben for £500. Ben discusses this with his solicitor who states the contract is

• A.unenforceable unless Harry signs a disclaimer acknowledging the consideration as acceptable.
• B.enforceable as consideration does not need to be adequate.
• C.unenforceable as the consideration is inadequate.
• D.enforceable but only if Harry does not refute the contract within six months of the contract date.

John wishes to insure his friend's house. Why would an insurer refuse to provide a quotation?

• A.He does not have any subrogation rights.
• B.He does not live in the house.
• C.His name is not on the mortgage.
• D.He does not have any insurable interest.

The purpose of Insurance Premium Tax is to

• A.raise revenue for the Government.
• B.reimburse for claims of insolvent insurers
• C.fund the Association of British Insurers.
• D.pay for flood defences.

How does insurable interest arise, if at all. when an insurer arranges reinsurance?

• A.Insurable interest does not arise.
• B.The insurer is considered to have insurable interest by virtue of its liability to pay claims.
• C.Insurable interest is created by statute.
• D.The policyholder is considered to have assigned the insurable interest to the insurer.

The Financial Services Compensation Scheme was established to help policyholders in the event of

• A.fraud perpetrated by an insurance broker.
• B.unreasonable policy terms and conditions.
• C.the repudiation of liability by an insurer.
• D.the financial failure of an insurance company.