Page 15 - CFPA-SCR-CII-W01-Corrigé des Quizz
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CFPA - SCR - CII - Module W01
Quizz n°3 - 18/07/2019
1. In relation to general insurance, to be insured a risk must be:
A. avoidable.
B. fortuitous.
C. inevitable.
D. unavoidable.
2. In terms of frequency and severity, the risk of an explosion aboard an oil rig is classed as:
A. high frequency, high severity.
B. high frequency, low severity.
C. low frequency, low severity.
D. low frequency, high severity.
3. From an insurer’s point of view, risk can be defined as the:
A. certainty of loss.
B. frequency of loss.
C. measure of loss.
D. possibility of loss.
4. What is the presence of flammable composite panels in the construction of a factory building best
described as?
A. A fundamental risk.
B. A hazard.
C. A peril.
D. A pure risk.
5. Which part of the world usually has the highest premium rate for travel insurance including medical
and liability?
A. Australia and New Zealand.
B. Europe.
C. North America.
D. UK.
6. A large company has decided to set aside money to settle frequent small losses that occur. This is
known as:
