An insured is temporarily disabled due to illness and unable to work. During this period, what type of insurance policy will typically pay a weekly benefit for up to two years?

• A.A critical illness insurance policy.
• B.An employers' liability insurance policy.
• C.A medical expenses insurance policy.
• D.A personal accident and sickness insurance policy.

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Reinsurance is usually purchased by the

• A.regulator.
• B.insured.
• C.insurer.
• D.intermediary.

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The Financial Services Compensation Scheme was established to help policyholders in the event of

• A.the repudiation of liability by an insurer.
• B.the financial failure of an insurance company.
• C.fraud perpetrated by an insurance broker.
• D.unreasonable policy terms and conditions.

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In a chain of events, the proximate cause of a loss is always the

• A.only event which is not excluded by the terms of the policy.
• B.dominant event leading to the loss.
• C.only event contributing towards the loss.
• D.last event before the loss occurs.

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What is the current rate of Insurance Premium Tax for a motor insurance policy?

• A.10%
• B.12%
• C.9.5%
• D.20%

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