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
A: The insured B: The insurer C: The broker (acting on behalf of their client) D: The loss adjuster
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