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.
Generally, which of these ultimately pays the insurance premium on a commercial property owners policy?
A: The owner B: The tenant C: The managing agent D: The owner and the managing agent
Where war risks cover is purchased as part of aircraft insurance, on what basis will liability coverage for war risks apply?
D: Liability coverage for war risks will be on an aggregate basis for all aircraft insured under the policy.
According to Department for Transport figures, what percentage of young drivers can expect to have an accident within 12 months of passing their driving test?
B: DfT figures suggest there are around 1,700 road deaths per annum, with drivers aged 17-25 accounting for only 12% of drivers but 25% of road deaths.