Which of the following is a requirement for a client to be treated as a professional client?
A – It is essential that no advice is given. It is essential that no advice is given.
B – The client refuses to disclose information to you.
C – The client must confirm their agreement in writing.
D – The professional client basis will apply to all new investment business.
C: A professional client must confirm their status in writing
B: Facultative reinsurance. The market then developed into areas such as treaty reinsurance.
When a caravan is being towed and is involved in a fault motor accident, resulting in damage to third-party property, does the liability section of the caravan policy cover the damage to the third-party property?
A: No, only third-party injuries are covered B: Yes, all third-party liabilities are covered C: No, any third-party liability while being towed is excluded D: Yes, providing the caravan had not become detached when the damage occurred
D: A fiduciary is a person who occupies a position of trust and is required to act for the latter’s benefit.