M05試験無料問題集「CII Insurance law (IL) 認定」

A. It means the insurer is entitled to the premium even if the claim is not paid

B. It allows the insurer to pursue third parties responsible for the loss

C. It prevents the insurer from recovering any costs from a third party

D. It allows the insured to be compensated twice for the same loss

A. 50% for both cases.

B. 35% for personal injury cases and 25% for employment tribunal cases.

C. 25% for personal injury cases and 35% for employment tribunal cases.

D. 35% for both cases.

A. Consumers must answer questions about their past claims history.

B. Consumers are required to pay for claims made during the policy term.

C. Consumers must disclose all material facts honestly and accurately.

D. Consumers must choose an insurer based on premium prices alone.

A. provides insurance where the scope of cover is narrow compared to the premium charged.

B. causes a significant imbalance in the parties' rights to the detriment of the consumer.

C. has been individually negotiated and is to the detriment of either one of the parties.

D. does not restrict liability for death or personal injury.

A. The insured's obligation to provide all relevant documents to the insurer

B. The insurer's right to reduce the claim payout

C. The insurer's right to pursue a third party responsible for the loss

D. The insured's right to receive compensation up to the value of their loss

A. requires notification of a claim within a very short time period.

B. applies a specific exclusion within the policy wording.

C. imposes a premium loading.

D. provides coverage that is more restrictive than that of other insurers.

A. The insurer is required to pay the claim regardless of the fraud

B. The policyholder may still receive a partial payout

C. The policyholder must repay any claim payments made previously

D. The insurer may cancel the policy and deny the claim