Exam (elaborations)
IF1 Mock Test Gaps questions with 100% correct answers
- Course
- Institution
IF1 Mock Test Gaps questions with 100% correct answers
[Show more]
Content preview
IF1 Mock Test Gaps questions with 100%correct answers
This loss has 3 possible outcomes - correct answer ✔✔Speculative Risk
Risk is the... - correct answer ✔✔Possibility of a loss
Under Standard Fire Policies, Subrogation can occur... - correct answer ✔✔When a valid Claim is notified
Employers Liability is a... - correct answer ✔✔Statutory Requirement
Farmer loses stock feed in storm, is only insured for 80% of its value, no deduction for underinsurance.
What is this an example of? - correct answer ✔✔Special Condition of Average
Flammable building material in a factory is an example of a...? - correct answer ✔✔Hazard
Large company stashing money aside for small frequent losses is...? - correct answer ✔✔Self Insurance
Syndicates underwriting proportions of a risk, each allocated a percentage. Collectively they are called...?
- correct answer ✔✔Co-Insurers
Insurance Premium Tax rates are... - correct answer ✔✔12% and 20%
Misappropriation of Goods cover is called...? - correct answer ✔✔Fidelity Guarantee Cover
The public limited companies who carry risks at Lloyds Market are...? - correct answer ✔✔Corporate
Members
Passing an Advanced Driving Test... - correct answer ✔✔Lessens risk posed by that Driver
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79223 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now