IIC Principles and Practice of Insurance C11 Prüfungsfragen mit Lösungen:
1. What does the term "subject of insurance" refer to?
A) The company providing the coverage
B) The thing being insured
C) The perils associated with the risk
D) The type of wording applicable to the policy
2. What is the Canadian Insurance Claims Managers Association (CICMA) responsible for?
A) Analyzing the damageability of vehicles and property
B) Monitoring claims to detect fraudulent valuations
C) Promoting a high standard of ethics in the handling of claims
D) Assessing automobile personal injury claims
3. If thenet premiumis $4,000 and thebroker's commissionis 20%, what is thepolicy premium?
A) $4,500
B) $6,500
C) $5,000
D) $3,200
4. What is the effect of perils and hazards on insurance rates for the underwriter?
A) An underwriter may use a higher rate if a hazard increases the likelihood of a loss by an insured peril
B) The rate is determined by the law of large numbers for the hazards listed on the policy
C) The rate is calculated by multiplying the premium by the amount insured for each peril
D) An underwriter may increase the rate if the insured event is likely to increase the hazard
5. Tame Insurance Company recently decided to terminate its broker agreement with XYZ Insurance Brokers.
Which situation would likely have resulted in this termination?
A) XYZ Insurance Brokers did not remit commissions owed to the insurer immediately after issuing a policy
B) XYZ Insurance Brokers did not keep handled premiums in a trust account and instead used them to pay expenses
C) Tame Insurance Company provided quotes on all applications received from the broker
D) Tame Insurance Company set a standard deductible for certain classes of business
Fragen und Antworten:
| 1. Frage Antwort: B | 2. Frage Antwort: C | 3. Frage Antwort: C | 4. Frage Antwort: A | 5. Frage Antwort: B |
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