Page 10 - CFPA-CII-Module W01-Examen blanc N°2-Qestions avec réponses
P. 10

42. 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


               43. An independent intermediary is the agent of the Insured when:

               a)  Giving the insured advice on a claim
               b)  Obtaining the premium from the insured
               c)  Passing on a rejection of a claim
               d)  Receiving and handling the proposal form


               44. Jo is asked to act as an agent for Peter when buying a painting.  Jo needs to travel to see the
               painting and stay overnight.  The principal, Peter, should normally:

               a)  Pay the reasonable travel expenses incurred
               b)  Refuse to pay anything
               c)  Expect Jo to pay the hotel costs but should pay for travel
               d)  Argue that Jo is not an agent as there is nothing in writing


               45. 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


               46. An intermediary issues a travel policy to a proposer  who is on insurers’ decline list.  Insurers
               agree to provide the cover and the whole contract continues.  This is described as:

               a)  Rectification
               b)  Necessity
               c)  Authority
               d)  Ratification


               47. When arranging insurance the intermediary, as agent of the insurer, must:

               a)  Pass to insurers all relevant information about the risk
               b)  Tell insurers only the barest facts about the risk
               c)  Conceal past claims made by the prospective policyholder
               d)  Tell insurers to see their records as they have held cover in the past



                                                                                                     10/21
   5   6   7   8   9   10   11   12   13   14   15