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Download Insurance Legal and Regulatory (IF1) Exam Exam Dumps
NEW QUESTION 24
The Financial Ombudsman Service will make a ruling on a dispute between
- A. an insurer and a reinsurer.
- B. an insurance broker and an insurer.
- C. a third party and the insurer against whom he is making a liability claim.
- D. a private individual and an insurer.
Answer: D
NEW QUESTION 25
Peter currently has no penalty points on his driving licence, although he was convicted of a minor motoring offence eight years ago. Why does Peter NOT need to disclose this to his motor insurer?
- A. It represents a moral hazard.
- B. It represents a physical hazard.
- C. It is information that would not influence an underwriter.
- D. It is a spent conviction.
Answer: D
NEW QUESTION 26
Which professional body specialises in giving its members advice on the long-term management of assets and liabilities?
- A. The Lloyd's Market Association.
- B. The Institute and Faculty of Actuaries.
- C. The International Underwriting Association of London.
- D. The Chartered Institute of Loss Adjusters.
Answer: B
NEW QUESTION 27
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