Free CII IF1 Exam Dumps Questions & Answers

An investor is unable to obtain insurance to protect his potential losses while trading on the stock market because the category of risk is deemed to be

• A.  speculative.
• B.  particular.
• C.  financial.
• D.  pure.

Which distribution channel for household insurance is typically characterised by high advertising and promotional costs, with no payment of commission?

• A.  Appointed representatives.
• B.  Direct insurers.
• C.  Lloyd's.
• D.  Independent brokers.

If a surveyor is sent lo survey a risk, what does risk primarily refer to in this context?

• A.  The premises.
• B.  The policy cover details.
• C.  The policyholder.
• D.  The insured perils.

A risk that is always insurable is a

• A.  capital risk.
• B.  pure risk.
• C.  speculative risk.
• D.  fundamental risk.

What legally recognised financial relationship must exist, between a policyholder and the items being insured, to constitute a valid household contents insurance policy?

• A.  Risk indemnity.
• B.  Vicarious liability.
• C.  Delegated authority.
• D.  Insurable interest.