This set of questions, courtesy of online CII training package Insurance Assess, will test your knowledge of topics. Answers are at the bottom
What is the health and safety obligation placed upon employers in terms of assessing workstations used by home-based workers?
A. Home-based workers are required to carry out their own risk assessment and provide a report for assessment
B. Assessments for home-based workers are the same as for office-based workers
C. Assessments of home-based workers are required only if requested by the employee
D. Assessments of home-based workers are not required as the risk is not within the employer's control
Which of these are the main benefit of an annual travel policy?
A. Cover is provided for several trips per year
B. It is a more economic option than a single policy per holiday
C. The sums insured are higher on each section
D. There is no excess applicable
Why does the duration of a holiday affect the travel insurance premium?
A. The longer the holiday, the higher the cost of the holiday and the greater the risk
B. Long holiday durations imply long-haul travel, which is considered as a higher risk
C. Long holiday durations imply higher cost holidays, which are considered a greater risk
D. The longer the holiday, the greater the risk of cancellation
At what point does curtailment cover under a travel insurance policy commence?
A. The point the insured leaves home to begin their journey
B. The time the premium is paid
C. The point the insured cuts short their holiday
D. The time of policy issue
How does the FCA expect organisations to treat customers?
A. Fair treatment of customers is at the heart of their business models
B. Customers are central to business strategy
C. Larger profits mean better customer care
D. Customers feature in their business and operational strategies
Which of these details are linked by the MID (Motor Insurance Database)?
A. Adverse policy terms, claims and declinature
B. Vehicle registration numbers and insurance details
C. Third party personal injury claims
D. Vehicle registration numbers and claims
When referring to motor insurance, what is a green card?
A. A certificate confirming that the insured has comprehensive cover on a worldwide basis
B. A document confirming that the insured has cover to drive other cars
C. A document evidencing a vehicle's environmental credentials
D. An international certificate of motor Insurance
Which development in technology is helping insurers offer more competitive motor premiums for certain drivers?
A. Automated vehicles
D. Telematics devices
The Senior Manager & Certification Regime is designed to do what?
A. Hold senior individuals to account for the financial performance of the firm
B. Make clear the role of the board and hold the board collectively accountable for the decisions they make
C. Hold senior individuals accountable for the roles and responsibilities they carry out for the firm
D. Hold senior individuals accountable for maintaining and assessing their own fitness and propriety on an annual basis
What is a proprietary company?
A. A subsidiary of a parent company set up to look after its insurance needs
B. A large, international insurer with a major presence in the London market
C. A company owned by shareholders
D. A company owned by its policyholders
1B. Employers must analyse each individual workstation and assess and reduce the health and safety risks from display screen equipment.
2A. Annual policies will usually offer a more competitive premium than separate single trip policies for families who take several holidays per year.
3A. The longer the holiday, it is likely the cost will be higher and the greater the risk of something happening.
4A. At the point the insured leaves home to commence their journey and applies until the homebound journey has been completed.
5A. The FCA requires that all firms must be able to show consistently that fair treatment of customers is at the heart of their business model.
6B. This database links the registration numbers of vehicles with their insurance details.
7D. A green card is an International Certificate of Motor Insurance and there is no charge for issuing one.
8D. Insurers are increasingly offering telematics devices which record their driving behaviour, in return for more attractive premiums.
9C. SM&CR holds senior individuals accountable for the roles and responsibilities they carry out for the firm.
10C. Proprietary or stock companies are owned by their shareholders who receive dividends.