Cert CII - IF1 - Question bank 2025 Latest

Cert CII - IF1 - Question bank 2025 Latest
InsuranceAcoverAcanAusuallyAbeApurchasedAinAtheAUKAtoAprotectAagainst:
a.AAnAinvestmentAlossAonAtheAstockAmarket
b.ADishonestyAofAanAemployee
c.AFailureAofAaAbusinessAventure
d.AWarAdamageAtoAaAdomesticApropertyA-ACORRECTAANSWERSA-
b.ADishonestyAofAanAemployee
AnAinsurerAthatAprovidesAinsuranceAcoverAtoAitsAparentAcompanyAisAknownAasAa:
a.AcaptiveAinsurer
b.AmutualAcompany
c.AproprietaryAcompany
d.AreinsuranceAcompanyA-ACORRECTAANSWERSA-a.AcaptiveAinsurer
ParkAPlaceAVeterinaryASurgeryArequireAinsuranceAtoAprotectAtheApartnersAagainstAprofessi
onalAnegligenceAclaims.ATheyAareAmostAlikelyAtoAarrangeAthisAthrough:
a.AaAcompositeAcompany
b.ALloyd's
c.AaAspecialistAinsurer
d.AaAlimitedAliabilityAcompanyA-ACORRECTAANSWERSA-c.AaAspecialistAinsurer
WithinAtheALloyd'sAmarket,ArisksAareAplacedAbyAmeansAofAa:
a.AMarketAriskAcontract
b.AMarketAreformAcontract
c.ANote
d.ARiskAreformAcontractA-ACORRECTAANSWERSA-b.AMarketAreformAcontract
JacquiAisAanAinsuranceAbroker.ASheAisAmostAlikelyAtoAbeAremuneratedAby:
a.AAAfixedAadviceAfee
b.ACommissionAbasedAonAtheAsumAinsured
c.AAnAongoingAadviceAfee
d.ACommissionAbasedAonAtheApremiumsAchargedA-ACORRECTAANSWERSA-
d.ACommissionAbasedAonAtheApremiumsAcharged
AhmarAhasAsignedAanAagencyAagreementAwithAKentARegalALtd.AItAisAtrueAtoAsayAthat:
a.AHeAcanAactAforAKentARegalALtdAinAbringingAthemAintoAlegalArelationshipsAwithAothers
b.AAnyAcontractsAheAentersAintoAwillAnotAbeAbindingAonAKentARegalALtd
c.AAnyAcontractsAheAentersAintoAwillAnotAbeAbindingAonAtheAinsured
d.AHeAmustAactAsolelyAasAaArepresentativeAofAtheAinsuredA-ACORRECTAANSWERSA-
a.AHeAcanAactAforAKentARegalALtdAinAbringingAthemAintoAlegalArelationshipsAwithAothers
Sulla,AanAindependentAintermediary,AisAplacingAbusinessAforAnewAclients.AHerAservicesAare
AleastAlikelyAtoAinclude:

a.ADecisionsAonAtheAbestAmarketAinAwhichAtoAplaceAtheArisk
b.AActionsAonAbehalfAofAtheAinsurer
c.AAdviceArelatingAtoApolicyAwording
d.ANegotiatingAinitialAtermsA-ACORRECTAANSWERSA-b.AActionsAonAbehalfAofAtheAinsurer
AnAindirectAmarketingAstrategyAwouldAmeanAthatAanAinsurerAwouldAdistributeAtheirAproduct
sAvia:

,a.AInsuranceAbrokers
b.ACompanyAsalesAstaff
c.ANewspaperAadvertising
d.ATheAinternetA-ACORRECTAANSWERSA-a.AInsuranceAbrokers
TheApurposeAofAreinsuranceAisAto:
a.AtransferAallAofAtheAcostAtoAaAthirdAparty
b.AsmoothApeaksAandAtroughsAinAtheAtradingAresults
c.AenableAclaimsAtoAbeAsettledAquickly
d.AreduceAtheAcostAforAtheAclientA-ACORRECTAANSWERSA-
b.AsmoothApeaksAandAtroughsAinAtheAtradingAresults
InsuranceApremiumAtaxA(IPT)AappliesAto:
a.AInsurers'ApremiumAincome
b.ALifeAinsuranceApremiumsAonly
c.ASomeAgeneralAinsuranceApremiums
d.AAllAinsuranceApremiumsA-ACORRECTAANSWERSA-
c.ASomeAgeneralAinsuranceApremiums
IncomeAprotectionAprovides:
a.AFixedAbenefitsAinAtheAeventAofAaccidentalAdeathAorAbodilyAinjury
b.AFixedAbenefitsAinAtheAeventAofAanAaccident,AillnessAorAlossAofAjob
c.APaymentsAforAinabilityAtoAworkAdueAtoAsicknessAonly
d.APaymentsAinAtheAeventAofAdiagnosisAofAaAseriousAillnessA-ACORRECTAANSWERSA-
b.AFixedAbenefitsAinAtheAeventAofAanAaccident,AillnessAorAlossAofAjob
JaneAoffersAtoAsupplyAfilingAcabinetsAtoAPamAwhoAacceptsAtheAoffer.AWhatAfurtherAactionAis
ArequiredAinAorderAthatAaAlegallyAenforceableAcontractAexistsAbetweenAthem?

a.ATheAtermsAofAtheirAagreementAneedAtoAbeAwrittenAdown
b.AAnotherApersonAneedsAtoAwitnessAtheirAagreement
c.ATheAfilingAcabinetsAneedAtoAbeAdeliveredAtoAPam
d.APamAneedsAtoAagreeAtoApayAJaneAforAtheAfilingAcabinetsA-ACORRECTAANSWERSA-
d.APamAneedsAtoAagreeAtoApayAJaneAforAtheAfilingAcabinets
AnAinsuranceAbrokerArecommendsAandAarrangesAanAinsuranceApolicyAforAtheAclientAandAc
ollectsAtheApremiumAforAtheAinsurer.ATheAbrokerAsubsequentlyAadvisesAtheAclientAonAhowAt
oAmakeAaAclaim.AAtAwhatApointAinAthisAscenarioAisAtheAinsurerAtheAbroker'sAprincipal?
a.ARecommendationAofAtheApolicy
b.AArrangementAofAtheApolicy
c.ACollectionAofAtheApremium
d.AAdvisingAofAtheAclaimA-ACORRECTAANSWERSA-c.ACollectionAofAtheApremium
AAvalidAcontractAmustAinclude:
a.ASignedAdocumentation
b.AAAwrittenAoffer
c.AAAlegalAdisclaimer
d.AConsiderationA-ACORRECTAANSWERSA-d.AConsideration
SanjeevArequiresAhouseAinsurance.AHeAhasAspokenAtoAanAinsurerAoverAtheAtelephoneAwho
AhasAofferedAhimAaApolicyAwithAanAexcessAofA£500.ASanjeevAacceptsAtheApolicyAbutArequest

sAanAexcessAofA£250.AInAcontractAterms,ASanjeev'sAacceptanceArepresents:
a.AAAcounterAoffer
b.AAnAoffer

,c.AUnconditionalAacceptance
d.AAgreementA-ACORRECTAANSWERSA-a.AAAcounterAoffer
KatieAisAsellingAherAcarAforA£2,000.AMayAoffersAherA£1,800,AwhichAKatieArefuses.
Legally,AaAcontractAhasAnotAbeenAformedAbetweenAKatieAandAMayAbecause:
a.AKatie'sArefusalAofAtheAcounterAofferAactsAasAaAwithdrawalAofAtheAoriginalAoffer
b.AKatieAandAMayAdidAnotAsignAaAcontract
c.AMay'sAcounterAofferAactsAasAaArejectionAofAtheAoriginalAoffer
d.AMayAofferedAlessAthanAKatieAwasApreparedAtoAacceptA-ACORRECTAANSWERSA-
c.AMay'sAcounterAofferAactsAasAaArejectionAofAtheAoriginalAoffer
ColinAbuysAhomeAcontentsAinsurance,AhavingAreceivedAaAquoteAthroughAtheApostAwhichAh
eAisAhappyAwith.AAcceptanceAofAtheAquoteAwillAbeAcompleteAwhen:
a.AAAletterAofAacceptanceAisAreceived
b.AAAletterAofAacceptanceAisAposted
c.ATheApolicyAisAputAonArisk
d.AColinAreceivesAconfirmationAfromAtheAinsurerA-ACORRECTAANSWERSA-
b.AAAletterAofAacceptanceAisAposted
WithinAinsurance,AconsiderationAwillAtypicallyAbeAthe:
a.AValueAofAtheAclaimApaidAbyAtheAinsurer
b.ADisclosureAofAallArelevantAfactsAatAtheAoutsetAbyAtheAinsured
c.AInitialAtermsAforAtheAinsuranceAissuedAbyAtheAinsurer
d.APremiumApaidAbyAtheAinsuredA-ACORRECTAANSWERSA-
d.APremiumApaidAbyAtheAinsured
JoeAandAMaggieAhaveAbeenAtoldAthatAtheirAinsuranceApolicyAdoesn'tAhaveAaArightAtoAcancel
.AWhatAtypeAofApolicyAisAit?
a.ATravelAinsuranceAwithAaAtermAofAlessAthanAaAmonth
b.AMotorAinsuranceAwithAaAtermAofAlessAthanAaAmonth
c.APaymentAprotectionAinsurance
d.ACriticalAillnessAinsuranceA-ACORRECTAANSWERSA-
a.ATravelAinsuranceAwithAaAtermAofAlessAthanAaAmonth
ToluAhasAbuildingsAinsuranceAbutAhasAnotAadheredAtoAaAwarrantyAonAtheApolicy.AInAtheAeve
ntAofAaAclaim,AtheAinsurerAwould:
a.ABeAableAtoAavoidAtheAclaimAandAcancelAtheApolicyAfromAtheAoutset
b.ABeAliableAbutAwouldAbeAableAtoAonlyApayAaAsetAproportionAofAtheAclaim
c.ANotAbeAliableAforAclaimsAresultingAfromAthis,AbutAwillAbeAliableAforAlossesAoccurringAafterA
aAbreachAhasAbeenAremedied
d.ABeAableAtoAmakeAaAdiscretionaryApaymentAofAanAamountAitAfeelsAisAreasonableA-
ACORRECTAANSWERSA-

c.ANotAbeAliableAforAclaimsAresultingAfromAthis,AbutAwillAbeAliableAforAlossesAoccurringAafterA
aAbreachAhasAbeenAremedied
IfAanAindependentAintermediaryAcompletesAaApropertyAsurveyAforAanAinsurer,AtheyAwouldAb
eAconsideredAtoAbeAa(n):
a.APrincipalAforAtheAinsurer
b.APrincipalAforAtheApropertyAowner
c.AAgentAforAtheApropertyAowner
d.AAgentAforAtheAinsurerA-ACORRECTAANSWERSA-d.AAgentAforAtheAinsurer

, FirdaleAInsuranceALtdAhasAaskedAoneAofAitsAagentsAtoAcarryAoutAaApropertyAsurveyA50Amile
sAaway.ATheAagentAcarriesAoutAtheAsurveyAandAchargesAtheAmileageAcostsAbackAtoAtheAins
urer.ATheAcostsAwillAbeAmetAbecause:
a.ATheAagentAhasAimpliedAauthority
b.AAgencyAagreementsAalwaysAallowAforAmileageAcosts
c.ATheAagentAhasAlimitedAauthority
d.ATheAprincipalAisAalwaysAliableAforAtheAactionsAofAtheirAagentA-ACORRECTAANSWERSA-
a.ATheAagentAhasAimpliedAauthority
AllAagencyAagreementsAshould:
a.ASetAoutAtheArequirementsAandAresponsibilitiesAforAjustAtheAagent
b.ADefineAandAallocateAtheAresponsibilitiesAandArightsAofAeachAparty
c.ASetAoutAtheArequirementsAandAresponsibilitiesAforAjustAtheAprincipal
d.ASetAoutAtheAbroadAprinciplesAandAconductArequirementsAthatAeachApartyAwillAbeAsubjectA
toA-ACORRECTAANSWERSA-
b.ADefineAandAallocateAtheAresponsibilitiesAandArightsAofAeachAparty
AsAaAgeneralArule,AwhenAmustAinsurableAinterestAfirstAexistAinAorderAforAaAprivateAmotorAins
uranceApolicyAtoAbeAenforceableAatAlaw?
a.AAtAtheAtimeAofAtheAquotation
b.AOnAcompletionAofAtheAproposalAform
c.AAtAinceptionAofAtheApolicy
d.AAtAtheAtimeAofAaAclaimA-ACORRECTAANSWERSA-c.AAtAinceptionAofAtheApolicy
WhatAmustAexistAforAthereAtoAbeAinsurableAinterest?
a.ASubject-matter,AownershipAandAfinancialAvalue
b.ASubject-matter,AownershipAandAfinancialAloss
c.ASubject-matter,AlegalArelationshipAandAfinancialAvalue
d.ASubject-matter,AlegalArelationshipAandAfinancialAlossA-ACORRECTAANSWERSA-
c.ASubject-matter,AlegalArelationshipAandAfinancialAvalue
DorothyAandAJamesAareAgettingAmarriedAandAhaveAtakenAoutAinsuranceAforAtheir
weddingAday.AInAtermsAofAinsurableAinterest,AtheirAweddingAdayAisAthe:
a.ALegalArelationship
b.ASubject-matter
c.AFinancialAvalue
d.ARiskA-ACORRECTAANSWERSA-b.ASubject-matter
IfAanAinsuranceAcompanyAwantsAtoAreinsureApartAofAaAriskAtheyAhold,AtheirAfinancialAinterest
AinAtheAoriginalAinsuranceAisAknownAasAthe:

a.ASubject-matterAofAinsurance
b.AAnticipatedAinsurableAinterest
c.ALegalAliability
d.ASubjectAmatterAofAtheAcontractA-ACORRECTAANSWERSA-
d.ASubjectAmatterAofAtheAcontract
AAcoupleAarrangedAaAjointAlifeAinsuranceAcontractAshortlyAafterAtheyAwereAmarried.ATheyAdi
vorcedAfiveAyearsAlater.AItAisAtrueAtoAsayAthatAtheAcontractAis:
a.AStillAenforceableAbecauseAinsurableAinterestAexistedAatAinception.
b.ANotAenforceableAbecauseAinsurableAinterestAnoAlongerAexists
c.AStillAenforceableAbutAonlyAifAeitherApartnerAremarries