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Motor Insurance > Random > Flashcards

Random Flashcards

0
Q

Who is responsible for updating the motor insurance database?

A

The insurer.

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1
Q

Where are insurance details of uk vehicles registered?

A

Motor insurance database.

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2
Q

If an uninsured driver is in an accident, where can an injured third party get compensation?

A

Motor insurers bureau.

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3
Q

For motorcycle insurance, what optional cover can you get to extend cover under a policy?

A

Motor recovery services.

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4
Q

Comprehensive motorcycle policy? Covers you for legal costs for…

A

Manslaughter.

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5
Q

Class of vehicle which may have driving other vehicles extension as standard?

A

Private car.

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6
Q

How was RTA 1988 amended by RTA 1991?

A

Death by reckless driving replaced with other offences (replaced with death by dangerous driving and driving under drink/drugs).

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7
Q

Under RTA 1988, amount of cover caused to third parties amount is?

A

Unlimited.

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8
Q

Part 6 of RTA 1988?

A

Third party liabilities.

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9
Q

Maximum period injured party to obtain insurance details from uk info centre?

A

7 years.

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10
Q

3rd party act 1930?

A

Claim against insurer of bankrupt policyholder.

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11
Q

As per ICOBS, records of insurance claims kept for how long?

A

3 years.

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12
Q

Combined operating ratio?

A

Uses claims, commission and expenses.

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13
Q

Claims cost per vehicle?

A

Claims total (paid AND outstanding) divided by number of vehicle years.

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14
Q

Guaranteed no claims discount can be withdrawn?

A

Never.

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15
Q

How many claims allowed for protected no claims discount?

A

2 in 5 years.

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16
Q

How any days grace for commercial policy renewal?

A

None.

17
Q

What document normally included with private car renewal?

A

No claims discount confirmation.

18
Q

What is on Claims and Underwriting Exchange?

A

Details of personal injury, illness, household and motor claims.

19
Q

What info is specifically needed for a theft claim?

A

Crime Reference Number.

20
Q

Main role of motor engineer is to?

A

Agree costs with the repairer.

21
Q

Which source can an insurer use to help detect fraudulent claims?

A

MIAFTR.

22
Q

Who funds the Financial Services Compensation Scheme?

A

The insurers.

23
Q

RTA Part 1?

A

Principal road safety provisions - offences described.

24
Q

RTA Part 2?

A

Construction and use of vehicles and equipment.

25
Q

RTA Part 3?

A

Licensing of drivers - permitted ages and classes of vehicle.

26
Q

RTA Part 4?

A

Licensing of HGV drivers.

27
Q

RTA Part 5?

A

Driving instruction.

28
Q

RTA Part 6 (sections 143 - 158)?

A

Third party liabilities.

29
Q

RTA Part 7 (sections 165 - 194).

A

Miscellaneous and General.

30
Q

Section 143.

A

Offence of driving with no insurance.

31
Q

Section 144.

A

Alternative to insurance (deposit £500,000 with Accountant General).

32
Q

Section 145.

A

Insurers must be members of MIB and policy must operate throughout EU.

33
Q

Section 146.

A

Regulations for insurance alternatives.

34
Q

Section 147.

A

Delivery and surrender of insurance certificates.

35
Q

Section 148?

A

Policy restrictions that will have no effect on rights of third party victims to claim compensation.

36
Q

What are the policy restrictions as per section 148 of RTA which have no effect on third parties rights to compensation?

A

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

37
Q

Section 153?

A

Persons dying or bankrupt do not lose rights under RTA.

38
Q

Section 165?

A

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.

39
Q

Section 170?

A

Must stop if there is an accident.

40
Q

Section 171?

A

Must produce insurance certificate at scene of accident to show vehicle insured or not.

41
Q

Section 174?

A

Offence of withholding material information to gain certificates, licences or documents.

Motor Insurance (1 decks)

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