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NEW QUESTION 25
Why is effective risk management important to an insurer?
Answer: A
NEW QUESTION 26
What are the other key components of risk apart from uncertainty?
Answer: D
NEW QUESTION 27
The website of an insurer must include the company's registered name, trading address, contact details and regulator. This is in accordance with rules enforced by the
Answer: A
NEW QUESTION 28
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: D
NEW QUESTION 29
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