Free CII IF1 Exam Dumps Questions & Answers

Under the Consumer Rights Act 2015. a clause in a household insurance policy may be considered unfair if it

• A.  discriminates against one of the persons insured on the grounds of nationality, gender or sexual orientation only.
• B.  imposes unreasonable obligations on the insurer in terms of costs or expenses that must be paid in addition to the amount of any loss.
• C.  allows any party other than the insured to enforce the insurer's obligations under the policy.
• D.  causes a significant imbalance in the parties' rights and obligations arising under the contract, to the disadvantage of the insured.

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?

• A.  Only if the records include dates of birth.
• B.  In all circumstances.
• C.  Only if the records include details of race.
• D.  In no circumstances.

A loss adjuster normally acts on behalf of the

• A.  insured.
• B.  insurer.
• C.  Financial Services Compensation Scheme.
• D.  Financial Ombudsman Service.

Insurers and intermediaries are required to adhere to solvency requirements as stipulated by the

• A.  Association of British Insurers.
• B.  Financial Services Compensation Scheme.
• C.  European Union.
• D.  Financial Ombudsman Service.

When a member of the Chartered Insurance Institute (CM) is dealing with a client, what specific guidance does the Code of Ethics give in relation to the member's knowledge and expertise?

• A.  The member must be qualified to a minimum of the CD's diploma qualification.
• B.  The member's knowledge and expertise must be kept up to date and relevant.
• C.  The member must notify the Cll of any shortcomings in his knowledge.
• D.  The member must provide the client with a copy of appropriate qualifications.