Home CII Insurance Legal and Regulatory (IF1) Exam CII.IF1.v2023-04-03.q33 Question 15
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What is the basis of settlement under a new for old insurance policy if a television is stolen?
Question List (33q)
Question 1: When Susan applied for a new household contents insurance po...Question 2: Lloyd's is known as a subscription market because...Question 3: How do an insurer's subrogation rights differ, if at all, be...Question 4: From April 2019. a small company with nine employees is in d...Question 5: What type of risk is a widespread natural disaster?...Question 6: What legally recognised financial relationship must exist, b...Question 7: A retail customer CANNOT buy insurance directly from which t...Question 8: An insurance company has employed an individual from a rival...Question 9: An owner of a building reduces its sum insured from £1,000.0...Question 10: A storm blew down the wall of a limber building. The failing...Question 11: What is the current rate of Insurance Premium Tax for a moto...Question 12: When should a direct insurer advise a policyholder in writin...Question 13: A loss adjuster normally acts on behalf of the...Question 14: How would an insurer's portfolio of motor claims be shown in...Question 15: What is the basis of settlement under a new for old insuranc...Question 16: An insured is temporarily disabled due to illness and unable...Question 17: Reinsurance is usually purchased by the...Question 18: To whom, if anyone, can an agent normally delegate the respo...Question 19: What is the legal standing of the Charioted Insurance Instit...Question 20: In a chain of events, the proximate cause of a loss is alway...Question 21: If a firm is said to be risk averse, this means that it...Question 22: John has a whole of life policy and has recently been diagno...Question 23: A risk control survey shows that premises proposed for insur...Question 24: The website of an insurer must include the company's registe...Question 25: Harry owns a sports car valued at £1.000 and agrees to sell ...Question 26: The Principles for Business slate that all customers should ...Question 27: Under the provisions of the Financial Services Act 2012. wha...Question 28: Who can place business directly with a Lloyd's underwriter?...Question 29: A firm of insurance brokers holds client records on an index...Question 30: A survey of a car repairers reveals a spray booth exists by ...Question 31: An intermediary needs to place a large properly risk, howeve...Question 32: Under the regulator's training and competency rules, a gener...Question 33: Insurers and intermediaries are required to adhere to solven...
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