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Download Insurance Legal and Regulatory (IF1) Exam Exam Dumps
NEW QUESTION 36
Which professional body specialises in giving its members advice on the long-term management of assets and liabilities?
- A. The Chartered Institute of Loss Adjusters.
- B. The International Underwriting Association of London.
- C. The Institute and Faculty of Actuaries.
- D. The Lloyd's Market Association.
Answer: C
NEW QUESTION 37
How would an employee benefit directly from her employer's business interruption insurance if its factory was forced to close temporarily due to flood damage?
- A. By compensation for loss of bonus.
- B. By continuation of her wages.
- C. By payment of an early retirement pension.
- D. By payment of a redundancy lump sum.
Answer: B
NEW QUESTION 38
If a proposer has failed to fully answer a question on a proposal form, the insurer is deemed to have waived its rights to this information because it
- A. does not have the right to ask the proposer for more information.
- B. has statistics on similar risks.
- C. did not request further information.
- D. should be able to underwrite the risk based on the information already provided.
Answer: C
NEW QUESTION 39
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