NO.26 Which professional body specialises in giving its members advice on the long-term management of assets and liabilities?

NO.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

NO.28 To whom, if anyone, can an agent normally delegate the responsibility imposed on net under an agency agreement?

NO.29 A house slatls to have subsidence problems due to the negligence of a cable-laying company. The owner of the house claims under his household buildings insurance policy. Which principle allows the insurer to recover from the cable-laying company?

NO.30 For which professional is professional indemnity insurance compulsory by statute?

NO.31 If the amount to be paid in the event of a total loss of insured property is agreed between the proposer and the insurer at inception of the policy, this is a modification of the principle of

NO.32 Barbara owns a factory employing 20 people. What insurance is she required to hold by law?

NO.33 A Terms of Business Agreement between an insurer and an intermediary will normally state that the insurer will deal with the policyholder

NO.34 A survey of a car repairers reveals a spray booth exists by an unguarded paraffin space beater. Also, a day’s supply of paint is kept within the building and waste is removed daily from a metal bin. What will the underwriter perceive as the main physical hazard?

NO.35 A claim has arisen which is fully covered under insurer A’s policy and insurer B’s policy. Insurer A’s policy has a sum insured of £30,000 and insurer B’s policy has a sum insured of £50,000. What proportion of the claim is insurer B liable for if the principle of contribution applies on a rateable proportion by sum insured basis?

NO.36 What type of reduction is sometimes applied to the replacement cost of an item under an insurance policy claim in order to reflect the application of indemnity?

NO.37 Who cedes business to a reinsurer?

NO.38 John wishes to insure his friend’s house. Why would an insurer refuse to provide a quotation?

NO.39 The requirement 10 notify the fitting of a more powerful engine under a motor insurance policy is an example of a policy wording modifying the principle of

NO.40 A loss adjuster normally acts on behalf of the

NO.41 What is the legal standing of the Charioted Insurance Institute’s Code of Ethics?

NO.42 A firm of insurance brokers invite Stuart. an underwriter who handles its account, on a Caribbean cruise with his family. How should Stuart react to this invitation in order to comply with the Chartered Insurance Institute’s Code of Ethics?