FCA IF2 MOCK ACTUAL EXAM QUESTIONS AND ANSWERS CORRECT AND COMPLTE GUIDE, RATED A+.
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FCA IF2 MOCK ACTUAL EXAM QUESTIONS AND ANSWERS CORRECT AND COMPLTE GUIDE, RATED A+.FCA IF2 MOCK ACTUAL EXAM QUESTIONS AND ANSWERS CORRECT AND COMPLTE GUIDE, RATED A+.FCA IF2 MOCK ACTUAL EXAM QUESTIONS AND ANSWERS CORRECT AND COMPLTE GUIDE, RATED A+.FCA IF2 MOCK ACTUAL EXAM QUESTIONS AND ANSWERS COR...
IF2 MOCK EXAM QUESTIONS Under the terms of their policy, an insured promises that a state of affairs will exist now and in the future. What is the technical term used to describe this promise? A.A continuing warranty B.A policy condition C. A franchise D. A representation A. A continuing warranty Under the Road Traffic Act 1988, how much cover must be provided by a motor insurance policy for bodily injury to third parties? A.£1.2 million B.£5 million C. £10 million D. An unlimited amount An unlimited amount If a vehicle is being d riven in another EU country, what is the minimum cover required by the Third EU Motor Insurance Directive? A.The minimum required by the country visited B.The lower of the minimum amounts required by the country visited or the country where the vehicle is usually kept C. The minimum required by the country where the vehicle is usually kept D. The greater of the minimum amounts required by the country visited or the country where the vehicle is usually kept The greater of the minimum amounts required by the country visited or the country where the vehicle is usually kept A third -party, fire and theft policy usually excludes cover of which of these perils in relation to the insured's vehicle? A.Explosion B.Lightning C. Fire D. Loss of use D. Loss of use What d o industry standards allow an insurer to do in the context of customer service? A.Compare itself to other insurance companies B.Compare its current performance to past performance C. Consider actual practices between and within its departments D. Improve i ts overall market profile A.Compare itself to other insurance companies The FCA's Principle 8 states that a firm must manage conflicts of interests: A.thoroughly B.aggressively C. fairly D. proactively B. fairly Which body uses the 'Firm Supervision Framework' to assess if the interests of customers and market integrity are at the heart of how a firm is run? A.The ABI B.The FOS C. The PRA D. The FCA C. The FCA Customer service standards should be: A.understandable , promotional, realistic B.realistic, understandable, measurable C. realistic, measurable, promotional D. measurable, understandable, promotional B.realistic, understandable, measurable Of what are 24 -hour helplines and complaint handling mechanisms exampl es? A.Risk reduction techniques B.Chargeable add -ons C. Value -added services D. Extensions to cover D. Value -added services What is another name for internal and external customers? A.Stakeholders B.Administrators C. Purchasers D. Shareholders A.Stakeholde rs How might an insurer ensure its employees are adequately protecting the data of its customers when using laptops and tablets for work purposes? A.By limiting the types of policies that can be sold electronically B.By taking up full character references on all new employees C. By obtaining full permission from customers for use of personal data D. By implementing an effective security policy D. By implementing an effective security policy Which of these is a real concern for insurers when using social med ia to promote their services? A.Access to non -EU markets B.Premium rates C. The potential for increased claims D. The storage and protection of customer data E. The storage and protection of customer data Which of the following technologies was first used in commercial vehicles? A. Webchat B. Telematics C. Social media D. Apps B. Telematics What is the function of an insurance aggregator? A. It concludes agreements with a number of insurers to provide a comparative quote B. It purchases small and SME brokin g firms to accumulate market share C. It captures electronic policy data and provides this to insurers as market intelligence D. It controls insurers' exposure to risk by capping the amount of claims during a policy period A. It concludes agreements with a number of insurers to provide a comparative quote Which of the following is a criminal offence introduced by the Computer Misuse Act 1990? A. Unauthorised access to a computer B.Unauthorised use of the internet C. Use of p irated software D. Distribution of copycat software A. Unauthorised access to a computer The General Data Protection Regulation introduces a duty of breach notification on? A.All organisations B.Organisations with more than 20 employees C. Organisations wi th a turnover in excess of £500,000 D. Organisations with more than 100 data subjects A. All organizations
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