A. He does not need to disclose this.
B. At the date of the next premium payment.
C. Immediately, irrespective of prognosis.
D. Immediately, but only if the diagnosis is terminal.
A. reducing the chance of a loss occurring.
B. preventing the chance of a loss occurring.
C. transferring the risk to the insurer.
D. eliminating the risk of loss.
A. enforceable as consideration does not need to be adequate.
B. enforceable but only if Harry does not refute the contract within six months of the contract date.
C. unenforceable unless Harry signs a disclaimer acknowledging the consideration as acceptable.
D. unenforceable as the consideration is inadequate.
A. a third party and the insurer against whom he is making a liability claim.
B. a private individual and an insurer.
C. an insurance broker and an insurer.
D. an insurer and a reinsurer.
A. Financial Ombudsman Service.
B. Association of British Insurers.
C. Financial Services Compensation Scheme.
D. European Union.
A. dominant event leading to the loss.
B. only event which is not excluded by the terms of the policy.
C. only event contributing towards the loss.
D. last event before the loss occurs.
A. financial.
B. particular.
C. pure.
D. speculative.
A. apply fixed times for responding to claims and complaints.
B. ensure all firms have a similar service standard.
C. make firms more competitive.
D. build consumer confidence in the financial services industry.
A. Lloyd's agents.
B. Lloyd's brokers only.
C. Lloyd's brokers and other intermediaries.
D. Members of the public.
A. strengthen the financial security of the insurer or intermediary.
B. provide authorisation to transact insurance business.
C. create a standard format for the presentation of accounting data.
D. introduce monitoring procedures by the Prudential Regulation Authority.
