What is ‘money laundering’?
A – The act of investing money in a manner to avoid taxation
B – The act of investing money overseas to avoid UK duty
C – The process by which criminals hide the true origin and ownership of money
D – The process by which money is transferred from one bank account or insurance policy to another
C: The process by which criminals hide the true origin and ownership of money.
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.
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
In what way has the Fourth EU Motor Insurance Directive made it easier for victims to make claims against drivers from another state?
A: It requires vehicles coming from other states to display a windscreen insurance disc B: It requires motor insurers to maintain a branch in each member state of the EU C: It requires motor insurers to maintain a representative in each member state of the EU D: It requires the local Motor Insurers' Bureau to deal with all claims involving foreign motorists