Self-insurance arises when a

• A.policyholder finds that he has inadvertently taken out more than one policy covering the same risk.
• B.policyholder decides to insure proportions of his property with different insurers.
• C.number of insurers agree to collectively insure a particular risk in agreed proportions.
• D.company decides to set aside a fund to pay losses that may occur.

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Sunita suffers a loss and makes a claim under her household contents insurance policy. When must insurable interest exist for her claim to be valid?

• A.At the time of the loss only.
• B.At the time of the proposal.
• C.At policy inception only.
• D.At policy inception and at the time of the loss.

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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 money insurance policy.
• C.A travel insurance policy.
• D.An income protection insurance policy.

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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

• A.£3,500,000
• B.£6,500,000
• C.£1,000,000
• D.£6,000,000

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To whom, if anyone, can an agent normally delegate the responsibility imposed on net under an agency agreement?

• A.To suitably experienced individuals only.
• B.To suitably qualified individuals only.
• C.The agent cannot delegate her responsibility.
• D.To anyone able to fulfil the duties.

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