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Download Insurance Legal and Regulatory (IF1) Exam Exam Dumps
NEW QUESTION 36
It is important to ensure the fair treatment of customers in order to comply with rules set by the
Answer: D
NEW QUESTION 37
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: B
NEW QUESTION 38
Alex decides to insure his factory. In doing this he is primarily
Answer: C
NEW QUESTION 39
The accident record for a printworks show that for every one major injury, there have been 30 minor incidents and 900 non-injury events reported. How would major work injuries be classified in relation to frequency and severity?
Answer: A
NEW QUESTION 40
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