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Download Insurance Legal and Regulatory (IF1) Exam Exam Dumps
NEW QUESTION 26
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: C
NEW QUESTION 27
A Terms of Business Agreement between an insurer and an intermediary sets out the
Answer: A
NEW QUESTION 28
Which general rule does the Contracts (Rights of Third Parties) Act 1999 seek to modify?
Answer: B
NEW QUESTION 29
Lloyd's is known as a subscription market because
Answer: D
NEW QUESTION 30
Under the provisions of the Financial Services Act 2012. what action, if any, can the regulator take against a firm that has committed money laundering offences?
Answer: A
NEW QUESTION 31
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