THE BIG TEN
This set of questions, courtesy of online CII training package Insurance Assess, will test your knowledge of topics. Answers are at the bottom
Which of these is not an essential legal element of a contract?
C. An invitation to treat
In the context of property risk surveys, which of these explains the purpose of flood mapping?
A. To indicate property which cannot be insured for flood
B. To indicate the areas where flood improvements are taking place
C. To indicate the availability of flood clean-up services
D. To indicate the likely severity of flooding in the area
Which of these major countries requires expatriates working there to have arranged suitable health insurance before they arrive?
C. Saudi Arabia
Which of these is used to establish an individual’s or company’s needs and objectives when it comes to health insurance?
A. Application form
C. Insurance wishlist
D. Quotation request
Which of these items of policy documentation is not usually provided by private medical insurers?
A. Benefit schedules
B. Broker letters to clients
C. Fulfilment literature
D. Hospital lists
The International Classification of Diseases, applicable to international private health insurance, is produced by which organisation?
A. Clinical Coding & Schedule Development Group
B. General Medical Council
C. United Nations
D .World Health Organization
Why would an employer arrange scheme-based dental insurance?
A. Because it is a valuable employee benefit
B. Because it is difficult to access NHS treatment in some areas
C. Because employers’ liability regulations require them to do so
D. Because it avoids employees taking time off work for routine dental treatment
In which year was the first Lloyd’s motor policy issued?
In the context of a life insurance policy, what is a ‘lien’?
A. A loan given by the insurer to the customer
B. A notice that the policy is to be assigned to a lender
C. A rating that will last until the end of a policy
D. A reduced sum insured that may then increase over time
Later life policies are typically bought by which type of people?
A. Older people
B. Retired people
D. Younger people
1C. An invitation to treat is not an essential legal element of the contract.
2D. Most insurers have their own flood risk mapping systems, telling the surveyor whether the address they are visiting is in an identified flood zone.
3C. Saudi Arabia requires expatriates working there to have arranged suitable health insurance before they arrive.
4B. Factfinds enable the broker to gather all the information necessary to be able to advise a client when it comes to health insurance.
5B. The broker will be responsible for their own literature and letters. Benefit schedules, hospital lists, and fulfilment literature will be provided by the insurer.
6D. The International Classification of Diseases (ICD) is produced by the World Health Organization (WHO) and is updated from time to time.
7A. Dental insurance can be arranged on a scheme basis by employers seeking to offer dental cover as an employee benefit.
8C. The first Lloyd’s motor policy was issued in 1904.
9D. A lien can be described as a reduced sum insured that may then increase over time. 10D. Later life policies are typically bought by younger people.
Pictures Credit | Shutterstock
What is normally third party liability property damage limit in respect of a commercial motor policy?
A: Between £20m and £50m B: Between £1m and £5m C: Between £10m and £15m D: Unlimited
D. In its widest sense, telematics is a term used to describe the exchange of data, potentially over long distances, across a wireless communications network in real time.
B: Facultative reinsurance. The market then developed into areas such as treaty reinsurance.