A risk that is always insurable is a

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

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What is the legal standing of the Charioted Insurance Institute's Code of Ethics?

• A.It has full stand-alone legal recognition.
• B.It does not have the force of law.
• C.It is to be applied in conjunction with existing Acts.
• D.It has full force of Jaw except where overridden by pre-existing Acts.

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If a proposer has failed to fully answer a question on a proposal form, the insurer is deemed to have waived its rights to this information because it

• A.should be able to underwrite the risk based on the information already provided.
• B.has statistics on similar risks.
• C.does not have the right to ask the proposer for more information.
• D.did not request further information.

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

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

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Barbara owns a factory employing 20 people. What insurance is she required to hold by law?

• A.Products liability insurance.
• B.Public liability insurance.
• C.Employers' liability insurance.
• D.Professional indemnity insurance.

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