Page 18 - CFPA-CII-Module W01-Examen blanc N°2-Qestions avec réponses

84. A travel insurance policy is taken out in the names of A and B with cover for personal belongings.
B has a household policy with an unspecified “all risks” section. Whilst on holiday, A loses a camera.
Which policy or policies will indemnify A for his loss?

a) The household policy
b) The travel policy
c) The household and travel policy
d) Neither

85. One of the key features of risk based regulation is that it is:

a) Usually about standards of behaviour
b) Entirely rule based
c) Subject to little monitoring
d) Not intended to be for customers’ benefit

86. The International Association of Insurance Supervisors represents:

a) Only reinsurers and intermediaries
b) UK and EU regulators only
c) Regulators and supervisors from many areas
d) Internal insurance supervisors from specialised insurers

87. One of the most important areas of supervision of the insurance industry is:

a) Individual market share
b) Efficiency of reinsurance arrangements
c) Capital adequacy of insurers
d) Information exchange between insurers

88. For regulators to be sure that an insurer is fully able to meet its liabilities, the insurer must
meet the:

a) Prescribed Capital Requirement
b) Lowest Capital Limit
c) Minimum Capital Requirement
d) Highest solvency margin

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