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

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

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Lloyd's is known as a subscription market because

• A.a fee must be paid.
• B.the underwriter assigns his signature individually to each risk.
• C.if an insurer writes a particular class, he is expected to subscribe to the majority of these risks.
• D.a number of syndicates accept a share of the same risk.

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The capital requirements of insurers and intermediaries are set out by

• A.Prudential Regulation Authority rules.
• B.Money Laundering Regulations.
• C.Data Protection legislation.
• D.Proceeds of Crime Act 2002.

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What is the principal reason for which a proposer is asked by the insurer whether his car will be driven by anyone else?

• A.To enable a loading to be applied.
• B.To enable a discount to be applied.
• C.It is a material circumstance.
• D.To establish whether insurable interest exists.

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