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| Section | Objectives |
|---|---|
| Topic 1: Key Insurance Principles | - Understand the principle of good faith - Understand the principles of contribution and subrogation - Understand the principle of indemnity - Understand the doctrine of proximate cause |
| Topic 2: Regulation and Legal Requirements | - Know methods of preventing, handling and resolving consumer complaints - Understand main regulatory and legal requirements applicable to insurance business - Understand consumer protection and dispute resolution |
| Topic 3: Professional and Ethical Standards | - Understand the CII Code of Ethics and apply principles to non-complex scenarios |
| Topic 4: Principles of Contract and Agency | - Understand the principle of insurable interest - Understand contract and agency |
| Topic 5: Insurance Fundamentals | - Know the structure and main features of the insurance market - Understand the main features of insurance |
| Topic 6: Risk and Risk Management | - Apply main features of risk and risk management to scenarios - Understand the nature and main features of risk within the insurance environment |
What is the principal reason for which a proposer is asked by the insurer whether his car will be driven by anyone else?
Correct Answer: D 🗳️
In order for a contract to be legally enforceable, what further action is required after offer and acceptance?
Correct Answer: C 🗳️
To whom, if anyone, can an agent normally delegate the responsibility imposed on net under an agency agreement?
Correct Answer: C 🗳️
A firm of insurance brokers holds client records on an index card system and does NOT intend to computerise this information. In what circumstances, if any, will these records be covered by the Data Protection Act 2018?
Correct Answer: C 🗳️
It is important to ensure the fair treatment of customers in order to comply with rules set by the
Correct Answer: A 🗳️
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