If2 Flashcards
What sets the scene for what follows in the policy by referring to the coming together to form the contract in return for the premium indemnified the policyholder
A) operative clause
B) signature
C) policy wording
D) recital clause or preamble
D) recital clause or preamble
What three clauses are constituent elements that make up a contract in the recital clause
A)conditions, exclusions, warranties
B) policy conditions, schedule, proposal confirmation
C) operative clauses, warranties, exclusions
D) format, schedule, exclusions
B) policy conditions, schedule, proposal confirmation
What describes the scope of cover in detail by outlining cover by starting with words such as ‘The company will… ‘ ‘We, underwriting members will’
A) policy wording
B) recital clause
C) operative clause
D) exceptions
C) operative clause
Are the following implied or expressed conditions:
A) must as as it insured
B) may be required to advise the appropriate authorities depending upon the circumstances
C) must take reasonable action
D) must not hinder insurers in the event of a claim
Implied
What conditions exist whether or not they appear in the policy
A) implied
B) expressed
A) implied
Which of the following is not on the policy schedule:
A) insureds name, B) insureds address C) policy period D) premium E) insurer F) IPT amount G) details of the subject matter H) sum insured or limit or liability I) territorial limits J) policy number K) special exclusions, conditions or aspects of cover L) operative sections of the policy
Insurer
IPT amount
Which policies can be extended to include war risks:
A) all risks policies
B) commercial packages policies
C) theft policies
D) marine and aviation policies
D) marine and aviation policies
Which of the following are not standard market exclusions:
War and related perils Riot and civil commotion Radioactive contamination and nuclear assemblies Glazing Terrorism Pollution and or contamination Marine policies Property damage Contractual liability Sonic bangs
Glazing
Property damage
In commercial legal protection policies, what does employment cover policy cover?
A) covers the cost of of action brought against the company usually under the health and safety at work legislation
B) covers the cost of defending an action by an employee against the field for unfair dismissal or racial or sexual discrimination and any awards given the the company if claim unsuccessful
C) covers only the cost of defending an action by an employee against the field for unfair dismissal or racial or sexual discrimination
D) covers costs incurred in pursuing an action against any person alleged to be guilty of fraud
B) covers the cost of defending an action by an employee against the field for unfair dismissal or racial or sexual discrimination and any awards given the the company if claim unsuccessful
What part of the policy do specific exclusion apply to:
A) the whole policy
B) particular parts of the policy
C) particular exclusion section
D) it doesn’t
B) particular parts of the policy
In commercial legal protection policies, what is criminal prosecution defence cover?
A) covers the cost of defending an action brought against the company, under health and safely work legislation. It does not include costs incurred by an employee appearing in court
B) covers the cost of defending an action brought against the company, under health and safely work legislation. It includes costs incurred by an employee appearing in court and the fines which may be imposed
C) covers the cost of defending an action brought against the company, under health and safely work legislation. It includes costs incurred by an employee appearing in court but not the fines which may be imposed
C) covers the cost of defending an action brought against the company, under health and safely work legislation. It includes costs incurred by an employee appearing in court but not the fines which may be imposed
What is not an optional extras of legal expenses insurance
A) defending libel and slander charges B) involvement in public enquiries C) taxation proceedings D) investigations by professional bodies E) property claim charges
E) property claim charges
What is usually pre printed in a scheduled form:
A) policy wording often in a booklet with a schedule on the last page
B) heading
C) Operative clause
D) signature
a) policy wording often in a booklet with a schedule on the last page
In Commercial legal protection policies, what is the property disputes cover?
A) covers costs incurred in disputes between, for example, landlord and tenant invoking the possession of freehold or leasehold of business premises
B) covers costs of defending an action by a tenant under the health and safe work legislation
C) covers costs incurred in pursuing an action against any person alleged to be guilty of fraud
B) covers costs incurred in disputes between, for example, landlord and tenant invoking the possession of freehold or leasehold of business premises
In commercial legal protection policies, what does motor cover do?
A) covers costs in; pursuing uninsured loss recoveries, pursuing or defending actions brought in connection with a purchase and is offered by all insurers
B) covers costs in; pursuing uninsured loss recoveries, pursuing or defending actions brought in connection with a purchase, pursuing damages following a road accident, defending motoring prosecutions
C) covers costs in; pursuing uninsured loss recoveries, pursuing or defending actions brought in connection with a purchase, defending motoring prosecutions
D) covers cost in damages following a road accident only
B) covers costs in; pursuing uninsured loss recoveries, pursuing or defending actions brought in connection with a purchase, pursuing damages following a road accident, defending motoring prosecutions
In commercial legal protection policies, what is patents, registered designs, copyright and trademarks cover?
A) covers costs incurred in pursuing an action against any person alleged to be guilty of infringing the insured’s interests in patents, registered designs
B)covers the cost of damages following property damage
C) covers costs incurred in pursuing an action against any person alleged to be guilty of fraud
A) covers costs incurred in pursuing an action against any person alleged to be guilty of infringing the insured’s interests in parents, registered designs
In group legal benefit policies, what is employment cover?
A)defence and compensation that are awarded to the company after legal action taken
B)defence of any claim or legal proceedings brought against an employee, defence and compensation awards, costs of claiming for compensation arising out of members employment
C)covers legal cost of defending claims out of ownership
B)defence of any claim or legal proceedings brought against an employee, defence and compensation awards, costs of claiming for compensation arising out of members employment
Do conditions that apply to claims situations affect the continuing cover under the policy?
No
In group legal benefit policies, what is personal cover?
A) covers the legal costs involved in pursuing claim
B) covers the cost of claiming compensation against dismissal
C) covers the costs of pursuing personal rights or defending personal action against the member
C) covers the costs of pursuing personal rights or defending personal action against the member
In group legal benefit policies, what is motor cover?
A) covers the costs of defending claims arising out of the ownership or use of a Motor vehicle
B) covers the costs of defending claims arising out of the ownership or use of a Motor cycle
C) covers the cost of pursuing personal rights or defending personal action
A) covers the costs of defending claims arising out of the ownership or use of a Motor vehicle
In group legal benefit policies, what is conveyancing cover?
A) covers the legal costs involved in buying and / or selling one’s house with no limit
B) covers the legal costs involved in buying and / or selling one’s house up to specified limit
C) covers the cost of defending the claims arising from fraud
B) covers the legal costs involved in buying and / or selling one’s house up to specified limit
Which Is an example of a compulsory excess?
A) property damage excess
B) storm excess
C) terrorism excess
D) young drivers excess
D) young drivers excess
What are conditions included to emphasise:
A) the fact that the loss or damage must be fortuitous
B) that they are expressed and implied
C) that they are excluded
D) that they apply to specific situation
A) the fact that the loss or damage must be fortuitous
What does the customer service standards statement detail:
A) what happens if you want to make a complaint
B) what the insurers may expect in respect of the service provided
C) include reference to internal procedures
D) the complaint procedure
B) what the insurers may expect in respect of the service provided