Page 12 - CFPA-SCR-CII-W01-Corrigé des Quizz

18. ABC Insurers cancelled their agency with XYZ Brokers. Three weeks later a broking employee wrote
an ABC cover note and accepted a premium payment for motor insurance. The policyholder’s cover
is usually:

A. Invalid as the agency was terminated
B. Valid because of apparent authority
C. Underwritten by the broker’s authority
D. Transferred to another insurer by the MIB

19. The principle which requires all parties to volunteer material information is:

A. Special Damages
B. Indemnity
C. Subrogation
D. Utmost Good Faith

20. A client wishes to increase the sum insured on their home buildings. The duty of disclosure is:

A. Revived
B. Reinstated
C. Replaced
D. Renovated

21. In conversation with the sellers of the house you are buying, you are told that there were some
problems with a stream overflowing into homes nearby 1 year ago. You should:

A. say nothing to anyone
B. advise your insurers when proposing for cover
C. tell your solicitor only
D. just offer a reduced price for the house

22. Insurers must ask clear questions under the Consumer Insurance (Disclosure and Representations)
Act 2012. A typical question might be

A. The method of payment for the policy
B. Details of all previous policies held
C. Whether the property is let or sub-let
D. Details of previous owners