Page 13 - CFPA-SCR-CII-W01-Corrigé des Quizz

23. An insurer may opt to indemnify an insured by:

A. A new policy
B. No claim bonus
C. Reinstatement
D. Deleting the excess

24. Insurers wish to replace a television which has been damaged irreparably. The insured refuses their
offer of a replacement through insurers’ own discounted sources and demands cash. Insurers
usually:

A. Pay the insured the amount they want in full, without excess
B. Pay the insured the amount they would have paid the retailer
C. Give the insured an exact replacement t v without discussions
D. Cancel the policy because they suspect the insured of fraud

25. In property insurance, the value of the claim is calculated:

A. At inception of the policy
B. On payment of the premium
C. On receipt of a current valuation
D. At the time and place of the loss