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NEW QUESTION 26
An intermediary needs to place a large properly risk, however the insurance company can only write 25% of the risk. What type of insurance arrangement would the intermediary require to complete the risk?
- A. Dual insurance.
- B. Reinsurance.
- C. Coinsurance.
- D. Self-insurance.
Answer: C
NEW QUESTION 27
The website of an insurer must include the company's registered name, trading address, contact details and regulator. This is in accordance with rules enforced by the
- A. Competition and Markets Authority.
- B. Prudential Regulation Authority.
- C. Financial Ombudsman Service.
- D. Advertising Standards Authority.
Answer: C
NEW QUESTION 28
Julie has cancelled her trip to tlaly as she has broken her leg. Which type of insurance policy is specifically designed to compensate Julie for any cancellation charges she has incurred?
- A. A personal accident and sickness insurance policy.
- B. A travel insurance policy.
- C. A money insurance policy.
- D. An income protection insurance policy.
Answer: B
NEW QUESTION 29
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