IF1 Exam Question 1

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?
  • IF1 Exam Question 2

    From April 2019. a small company with nine employees is in dispute with its insurer and wishes to refer the matter to the Financial Ombudsman Service (FOS). The FOS is only permitted lo deal with the dispute if the insured's turnover does NOT exceed
  • IF1 Exam Question 3

    Which typo of insurer is owned by multiple policyholders?
  • IF1 Exam Question 4

    How would an employee benefit directly from her employer's business interruption insurance if its factory was forced to close temporarily due to flood damage?
  • IF1 Exam Question 5

    When completing a proposal form, Tom declares that he has two spent speeding convictions. How, if at all, will the spent convictions affect an underwriter's decision to write the risk?