Which types of funds should be included in the client money calculation?
A: Earned premium only
B: All banked funds plus any payments received awaiting banking
C: All banked funds
D: Cleared funds only
2D. Cleared funds only should be included in the client money calculation.
What is normally third party liability property damage limit in respect of a commercial motor policy?
A: Between £20m and £50m B: Between £1m and £5m C: Between £10m and £15m D: Unlimited
2B: Insurance-backed guarantees are presently available for many trades and occupations including glazing, roofing, timber treatment, property renovations and renewable energy systems. Demolition contractors cannot as there should not be anything left to fail to fulfil its intended purpose.
Which of these sums represents the contribution to the UK’s gross domestic product made by the key classes of business written in the London market each year?
A: £29 bn B: £10 bn C: £15 bn D: £50 bn