Page 190 - CFPA-SCR-Award in General Insurance W01_2018-19_Neat

xvi W01/March 2018 Award in General Insurance

credit, 1L2 other indicators, 10B3D
customer due diligence (CDD), 9D3 risk of unsuitability, 10B1
cyber crime, 9E soundness of judgment, 10B4
supervisory indicators, 10B3C
fortuitous event, 1D1
D fraud, 9E

data protection, 10D definition of, 9E1
day one reinstatement, 7C2A managing risk, 9E2
deductible, 7E4 types of, 9E1
defendant, 3 intro fraudulent claims, 3F1A
direct marketing channels, 2F, 2F1 frequency, 1E2A
features of, 2F1A significance of, 1E2C
distribution channels, 2F fulfilment, 3F3A
dual insurance, 1J fundamental risks, 1C3
duty of disclosure, 5B
at inception, 5B4A
continuing requirement, 5B4C G
modification by policy wordings, 5B4 general insurance, 4B3, 4B4
on alteration, 5B4D glass cover, 1L1
on renewal, 5B4B good faith, 5
duty of fair presentation, 5B1 governance, 10C1A
duty to take reasonable care not to make a Guaranteed Asset Protection (GAP), 1L2
misrepresentation, 5 intro
H
E hazard, 1E3

economic and regulatory capital, 10C1F health insurance
employees’ compensation, 1L4 critical illness, 1L8
enforcement, 9A payment protection indemnity, 1L8
engineering/breakdown cover, 1L5 personal accident, 1L8
equitable premiums, 1G2 sickness, 1L8
ethical standards, 10A Heinrich triangle, 1E2B
excepted/excluded perils, 6A2 home service agents, 2F1
excess, 7E4 homogeneous exposures, 1D4
household goods, 7C2E
household insurance, 1L7
F

facts
that do not need to be disclosed, 5C3 I
farming stock, 7C2F indemnity
fidelity guarantee, 1L2 application of, 7B
Financial Action Task Force (FATF), 9D1, 9D2 definition of, 7A
recommendations, 9D2, 9D2A limiting factors, 7E
terrorist financing, 9D2B measuring, 7C
financial crime, 9D modifying, 7D
financial risks, 1C1 independent liability method, 8B1B
financial value, 4A1C indirect marketing channels, 2F, 2F2
fire, special perils and ‘all risks’ policies, 1L1 inner limits, 7E2
first loss policies, 7D2 Institute of Insurance and Risk Management
fit and proper requirements, 10B (IIRM), 2I6
criminal indicators, 10B3A insurable interest, 1D2
financial indicators, 10B3B application, 4D
general requirements, 10B2 creation, 4C
integrity, 10B3 definition, 4A
knowledge and experience of key functionaries, features, 4A1
10B5 of insurers, 4A1D