Page 11 - CFPA-SCR-CII-W01-Corrigé des Quizz

12. A contract may be set aside if it does not have one of the following essential features:

A. Payment before contract commences
B. Conditions set out in writing
C. Possibility of performance
D. Third party rights established

13. Bankruptcy may cause:

A. Change of agency terms
B. Review of the TOBA
C. Termination of agency
D. Application of Average

14. A car is a total loss and the motor policy has paid the claim. This is called:

A. Finalisation
B. Fulfilment
C. Frustration
D. Fidelity

15. A typical method of forming an agency is by:

A. Discussion
B. Debate
C. Confirmation
D. Consent

16. Typically, the agency agreement reached between an insurer and an intermediary will be recorded
in a:

A. Letter of authority
B. Email with PDF attachment
C. Bespoke Agency Agreement
D. Scheme agreement

17. Only one of the following may usually form a binding contract at all times:

A. A minor
B. A drunkard
C. Undischarged bankrupts
D. Those aged over 21