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Insurance Legal and Regulatory (IF1)

Last Update 2 days ago
Total Questions : 100

Dive into our fully updated and stable IF1 practice test platform, featuring all the latest Certificate in Insurance exam questions added this week. Our preparation tool is more than just a CII study aid; it's a strategic advantage.

Our free Certificate in Insurance practice questions crafted to reflect the domains and difficulty of the actual exam. The detailed rationales explain the 'why' behind each answer, reinforcing key concepts about IF1. Use this test to pinpoint which areas you need to focus your study on.

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Question # 11

The accident record for a printworks show that for every one major injury, there have been 30 minor incidents and 900 non-injury events reported. How would major work injuries be classified in relation to frequency and severity?

Options:

A.  

High frequency, low severity.

B.  

Low frequency, low severity.

C.  

High frequency, high severity.

D.  

Low frequency, high severity.

Discussion 0
Question # 12

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

Options:

A.  

£1,000,000

B.  

£3,500,000

C.  

£6,000,000

D.  

£6,500,000

Discussion 0
Question # 13

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?

Options:

A.  

An income protection insurance policy.

B.  

A personal accident and sickness insurance policy.

C.  

A travel insurance policy.

D.  

A money insurance policy.

Discussion 0
Question # 14

What is the basis of settlement under a new for old insurance policy if a television is stolen?

Options:

A.  

The original cost in full.

B.  

The original cost, less wear and tear.

C.  

The replacement cost in full.

D.  

The replacement cost, less wear and tear.

Discussion 0
Question # 15

It is important to ensure the fair treatment of customers in order to comply with rules set by the

Options:

A.  

British Insurance Brokers' Association.

B.  

Association of British Insurers.

C.  

Financial Conduct Authority.

D.  

Chartered Insurance Institute.

Discussion 0
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