Page 7 - CFPA-CII-Module W01-Examen blanc N°2-Qestions avec réponses
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25. Part of an Insurance Broker’s role is to:
a) Act for one principal
b) Work as an agent
c) Place risks with Insurers
d) Sell limited policies
26. Retrocession is the practice of passing risk from:
a) reinsurer to reinsurer
b) insurer to reinsurer
c) insured to insurer
d) reinsurer to insurer.
27. A loss adjuster will traditionally be appointed by:
a) The insured
b) An independent broker
c) An insurer
d) A Lloyd’s broker only
28. The role of the compliance officer usually includes:
a) Ensuring that company funds are adequate
b) Selling compliant insurance products to the wholesale market
c) Carrying out all training required and maintaining records
d) Maintaining the company’s compliance manual
29. Risk transfer between one insurer and another is called:
a) Co-insurance
b) Dual insurance
c) Reinsurance
d) Captive insurance.
30. One of the benefits of reinsurance is to
a) Protect the class of business
b) Keep prices at a low level
c) Make sure of renewal
d) Help with long term agreements
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