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Download Insurance Legal and Regulatory (IF1) Exam Exam Dumps
NEW QUESTION 22
John and his wife arrange a household contents insurance policy in joint names with insurer A for a sum insured of £10,000. His wife arranges a second policy on the same basis with insurer B for a sum insured of
£20,000. Both policies have identical terms and conditions. What is insurer A's liability if a valid claim of
£3,000 is subsequently made?
Answer: A
NEW QUESTION 23
Which distribution channel for household insurance is typically characterised by high advertising and promotional costs, with no payment of commission?
Answer: A
NEW QUESTION 24
How is Insurance Premium Tax collected within the UK?
Answer: B
NEW QUESTION 25
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