This set of questions, courtesy of online CII training package insurance Assess
Which of these is the subject matter of a comprehensive motor insurance policy?
A .The vehicle and potential liability to third parties they have indemnifiedtheir policyholder
C.The potential liability to third parties
D.The potential liability to passengers
By which of these means are motor legal expenses policies rated?
C.On book rates depending on the area of use
D.On book rates depending on the vehicle insured
A regulated business’s compliance with ethical standards and regulatory requirements is the responsibility of which of these groups?
A.Everyone in the business
D.The compliance team
A compulsory liquidation of a company is when which of these has taken place?
A.A court orders a company to be wound up
B.A receiver orders a company to be wound up
C.An administrator orders a company to be wound up
D.The shareholders order a company to be wound up
Losses from bad debts impact the company in which of these areas? Select all that apply.
C.Liquidity of assets
Which of these phrases is an alternative name for 'whistleblowing'?
Which of these definitions best describes the meaning of corruption?
A.Failure of commercial organisations to prevent bribery
B.Abuse of entrusted power for private gain
C.Use of unauthorised intermediaries to facilitate business
D.Failing to report suspicious financial activities
In 2020/21, what percentage ofall work-related ill health cases related to musculoskeletal disorders?
Why is the global health insurance card not an adequate substitute for a comprehensive travel policy?
A.It only provides for the cost of medicines and treatment
B.It does not provide for common European destinations, such as France
C.Provision of medical treatment is subject to the patient having made minimum contributions to the revenue agency in their home territory
D.It does not provide for extra travel, accommodation or repatriation costs
What is the FCA’s requirement with regard to the treatment of vulnerable customers?
A.Vulnerable consumers to experience good outcomes
B.Vulnerable consumers to experience outcomes as good as other consumers and to get consistently fair treatment
C.Vulnerable consumers to experience outcomes similar to other consumers
D.Vulnerable consumers to get consistently fair treatment
1A. The vehicle and any potential liability to third parties that may arise out of its use.
2A. Premiums for motor legal expenses policies are a flat rate.
3A. A regulated business’s compliance with ethical standards and regulatory requirements is the responsibility of everyone in the business.
4A. Compulsory liquidation of a company is when the company is ordered by a court to be wound up.
5A,B,C. Any bad debt losses directly effects cash flow, liquidity, and profits and in some cases bad debts have caused a company’s own ultimate financial failure.
6B. Alternative terms for 'whistleblowing' include 'speaking up' or 'raising concerns'.
7B. Corruption is defined as the abuse of entrusted power for private gain.
8A. According to the 2020/21 Labour Force Survey, musculoskeletal disorders accounted for 28% of all work-related ill health cases.
9D. The costs of extra travel, accommodation or repatriation costs are not provided by the GHIC.
10B. The FCA wants vulnerable consumers to experience outcomes as good as other consumers and to get consistently fair treatment.
7–8 Very good