Page 4 - CFPA-CII-Module W01-Examen blanc N°2-Qestions avec réponses
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7. A typical Fundamental risk is:
a) Escape of water
b) Impact
c) War
d) Theft
8. When an underwriter quotes for a risk, they will be looking at
a) Just the type of loss which may occur
b) Only the property or event to be insured
c) The type of loss which may occur and the property or event to be insured
d) The claims history of the risk only
9. For a risk to be insured, the outcome of events must be capable of being:
a) Repaired
b) Resolved
c) Measured
d) Monitored
10. A hazard is often described as
a) Something which influences the operation of the peril
b) The dominant cause of an insurance claim
c) The underlying cause of all insured incidents
d) Something to be ignored in the underwriting process
11. An incident which can be insured is often called:
a) Unlucky
b) Fortuitous
c) Inevitable
d) Self-inflicted
12. A typical physical hazard might be a:
a) A bad conviction record
b) Wooden walls
c) Careless attitude
d) Dishonesty over claims
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