Random Flashcards
Who is responsible for updating the motor insurance database?
The insurer.
Where are insurance details of uk vehicles registered?
Motor insurance database.
If an uninsured driver is in an accident, where can an injured third party get compensation?
Motor insurers bureau.
For motorcycle insurance, what optional cover can you get to extend cover under a policy?
Motor recovery services.
Comprehensive motorcycle policy? Covers you for legal costs for…
Manslaughter.
Class of vehicle which may have driving other vehicles extension as standard?
Private car.
How was RTA 1988 amended by RTA 1991?
Death by reckless driving replaced with other offences (replaced with death by dangerous driving and driving under drink/drugs).
Under RTA 1988, amount of cover caused to third parties amount is?
Unlimited.
Part 6 of RTA 1988?
Third party liabilities.
Maximum period injured party to obtain insurance details from uk info centre?
7 years.
3rd party act 1930?
Claim against insurer of bankrupt policyholder.
As per ICOBS, records of insurance claims kept for how long?
3 years.
Combined operating ratio?
Uses claims, commission and expenses.
Claims cost per vehicle?
Claims total (paid AND outstanding) divided by number of vehicle years.
Guaranteed no claims discount can be withdrawn?
Never.
How many claims allowed for protected no claims discount?
2 in 5 years.
How any days grace for commercial policy renewal?
None.
What document normally included with private car renewal?
No claims discount confirmation.
What is on Claims and Underwriting Exchange?
Details of personal injury, illness, household and motor claims.
What info is specifically needed for a theft claim?
Crime Reference Number.
Main role of motor engineer is to?
Agree costs with the repairer.
Which source can an insurer use to help detect fraudulent claims?
MIAFTR.
Who funds the Financial Services Compensation Scheme?
The insurers.
RTA Part 1?
Principal road safety provisions - offences described.
RTA Part 2?
Construction and use of vehicles and equipment.
RTA Part 3?
Licensing of drivers - permitted ages and classes of vehicle.
RTA Part 4?
Licensing of HGV drivers.
RTA Part 5?
Driving instruction.
RTA Part 6 (sections 143 - 158)?
Third party liabilities.
RTA Part 7 (sections 165 - 194).
Miscellaneous and General.
Section 143.
Offence of driving with no insurance.
Section 144.
Alternative to insurance (deposit £500,000 with Accountant General).
Section 145.
Insurers must be members of MIB and policy must operate throughout EU.
Section 146.
Regulations for insurance alternatives.
Section 147.
Delivery and surrender of insurance certificates.
Section 148?
Policy restrictions that will have no effect on rights of third party victims to claim compensation.
What are the policy restrictions as per section 148 of RTA which have no effect on third parties rights to compensation?
Condition of vehicle
Number of persons vehicle can carry
Weight/material of goods vehicle carries
Time/area vehicle used
Carrying on the vehicle of any means of identification
The age/physical/mental condition of drivers
Any particular apparatus vehicle is carrying
Horsepower or cylinder capacity or value of the vehicle
Section 153?
Persons dying or bankrupt do not lose rights under RTA.
Section 165?
Police have power to require to see insurance certificate from a motorist. If they cannot, must go to police station within 7 days with it.
Section 170?
Must stop if there is an accident.
Section 171?
Must produce insurance certificate at scene of accident to show vehicle insured or not.
Section 174?
Offence of withholding material information to gain certificates, licences or documents.
