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CII IF3 - Insurance Underwriting Process correctly answered to pass

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cii if3 insurance underwriting process correctly

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CII IF3 - Insurance Underwriting Process
correctly answered to pass

Vandalism - correct answer ✔✔What is the main concern when considering insuring shop
windows in a town center?

Perceptive - correct answer ✔✔Under Equality Act 2010, direct discrimination against an
individual because others think they possess a particular protected characteristic is called what
type of discrimination?

Equality Act 2010 - correct answer ✔✔Under which Act is it unlawful to discriminate against
disabled people in the provision of insurance?

Motor Insurance Database (MID) - correct answer ✔✔Which database contains details of all
cars registered in the UK and their insurance details?

risks are less homogeneous - correct answer ✔✔The underwriting of commercial insurances is
generally more complicated because:

If it is based on information that is relevant to the assessment of the risk, including actuarial or
statistical data, medical research information and medical reports. - correct answer ✔✔Under
the Equality Act 2010, insurers are only able to impose specific underwriting terms in what
circumstances?

Retailer - correct answer ✔✔Who is most likely to sell an extended warranty policy?

Race; ethnicity; religion; health; sexual orientation; genetics; politics etc - correct answer
✔✔Under the UK GDPR, sensitive personal data would include (7)

, poor claims history. - correct answer ✔✔Commercial vehicles attract higher premiums than
private cars for a number of reasons EXCEPT:

Construction and location - correct answer ✔✔What factors would increase the risk of buildings
insurance presented to underwriters? (2)

Direct discrimination - correct answer ✔✔If an underwriter declines a motor application on the
basis that the proposer is female, what is this is an example of?

Motor Insurance Anti-Fraud and Theft Register. - correct answer ✔✔Which motor database
contains details of all total loss and theft claims?

One month - correct answer ✔✔Within what timescale, if any, must an insurer normally
respond to a data subject access request?

Motor Insurance Anti-Fraud and Theft Register. - correct answer ✔✔On what database can a
claims handler check that a vehicle has not already been a total loss?

Insurance Fraud Bureau - correct answer ✔✔Which insurance organisation coordinates
industry-wide action and runs public education programmes to combat crime and fraud?

Deal with FRAUD PREVENTION

- coordinate industry-wide action (policing)

- run public education campaigns

- operate centres of expertise on fraudsters and their operation methods - correct answer
✔✔What is the purpose of the Insurance Fraud Bureau (3)

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