This set of questions, courtesy of online CII training package Insurance Assess, will test your knowledge of topics. Answers are at the bottom
Why is it recommended that drivers are interviewed following an accident?
A. To ensure that they have not admitted liability to the third party
B. If any disciplinary action is necessary, it can be taken immediately
C. To establish an accurate account of what happened
D. In order that any claim for uninsured losses can be started immediately
What is the basis of settlement for a third party claim for property damage?
A. New for old
B. It depends on the negligent motorist's commercial vehicle policy
C. It depends on the type of property being claimed for
D. Indemnity, that is settlement with a deduction for wear and tear
Which of these is a common exclusion found in cyber policies?
A.Claims arising from viruses created by the insured
B. Claims arising from defamation
C. Claims for financial loss
D. Claims arising from loss of data by employees
What should be the starting point for cyber risk management?
A. Having a firewall protecting the system
B. Identifying and assessing the specific risks and impacts to the business
C. Compliance with ISO 27001
D. Data encryption
Which of these is another name for non-affirmative cyber risk?
B. Silent cyber
C. Secretive cyber
D. Dark cyber
In which of these ways do travel insurers regard the factor of policyholder age?
A. A method of restricting cover provided
B. A critical indicator when rating
C. A limitation in respect of holiday destination and duration
D. A means of limiting claims payments
Which of these is a usual exclusion under a pet policy? Any illness or injury which arises or shows clinical signs during the first:
A. 7 days of cover
B.14 days of cover
C. 28 days of cover
D. 60 days of cover
Which of these describes how 'unfurnished'is defined in many household policies?
A. Insufficiently furnished for normal living purposes
B. Without any furniture
C. Any unfurnished room being visible from outside of the home
D. There are no carpets or curtains fitted
What is the definition of revolving credit?
A. The repayments are fixed each month
B. The repayments are fixed each month, but reviewed every quarter
C. The repayments are not fixed and fluctuate, such as with a credit card
D. The repayments are not fixed and increase by a fixed percentage each month
The majority of classic car owners opt for which of these levels of cover?
B. Third party fire and theft
C. Third party
D. Laid up
1C. Regular interviews with drivers following accidents often reveal the 'true' circumstances of an accident.
2D . In all property damage cases, the third party is entitled to be indemnified, but no more.
3A. Cyber policies will not cover damage done by viruses created by the insured.
4B. Identifying and assessing the specific risks and impacts to the business.
5B. Many policies can provide an element of cover for non-affirmative cyber risk.
6B. The age of the person seeking insurance is one of the most important rating factors for travel insurers.
7B. Any illness or injury which arises or shows clinical signs in the first 14 days of cover is excluded.
8A. The term unfurnished is usually defined as being 'insufficiently furnished for normal living purposes'.
9C. Where repayments are not fixed and fluctuate, this is termed revolving credit. 10A. Comprehensive -- due to the value of their vehicles.