PDF Only
$38.00 Free Updates Upto 90 Days
- IF1 Dumps PDF
- 100 Questions
- Updated On July 26, 2024
PDF + Test Engine
$58.00 Free Updates Upto 90 Days
- IF1 Question Answers
- 100 Questions
- Updated On July 26, 2024
Test Engine
$48.00 Free Updates Upto 90 Days
- IF1 Practice Questions
- 100 Questions
- Updated On July 26, 2024
How to pass CII IF1 exam with the help of dumps?
DumpsPool provides you the finest quality resources you’ve been looking for to no avail. So, it's due time you stop stressing and get ready for the exam. Our Online Test Engine provides you with the guidance you need to pass the certification exam. We guarantee top-grade results because we know we’ve covered each topic in a precise and understandable manner. Our expert team prepared the latest CII IF1 Dumps to satisfy your need for training. Plus, they are in two different formats: Dumps PDF and Online Test Engine.
How Do I Know CII IF1 Dumps are Worth it?
Did we mention our latest IF1 Dumps PDF is also available as Online Test Engine? And that’s just the point where things start to take root. Of all the amazing features you are offered here at DumpsPool, the money-back guarantee has to be the best one. Now that you know you don’t have to worry about the payments. Let us explore all other reasons you would want to buy from us. Other than affordable Real Exam Dumps, you are offered three-month free updates.
You can easily scroll through our large catalog of certification exams. And, pick any exam to start your training. That’s right, DumpsPool isn’t limited to just CII Exams. We trust our customers need the support of an authentic and reliable resource. So, we made sure there is never any outdated content in our study resources. Our expert team makes sure everything is up to the mark by keeping an eye on every single update. Our main concern and focus are that you understand the real exam format. So, you can pass the exam in an easier way!
IT Students Are Using our Insurance Legal and Regulatory (IF1) Exam Dumps Worldwide!
It is a well-established fact that certification exams can’t be conquered without some help from experts. The point of using Insurance Legal and Regulatory (IF1) Exam Practice Question Answers is exactly that. You are constantly surrounded by IT experts who’ve been through you are about to and know better. The 24/7 customer service of DumpsPool ensures you are in touch with these experts whenever needed. Our 100% success rate and validity around the world, make us the most trusted resource candidates use. The updated Dumps PDF helps you pass the exam on the first attempt. And, with the money-back guarantee, you feel safe buying from us. You can claim your return on not passing the exam.
How to Get IF1 Real Exam Dumps?
Getting access to the real exam dumps is as easy as pressing a button, literally! There are various resources available online, but the majority of them sell scams or copied content. So, if you are going to attempt the IF1 exam, you need to be sure you are buying the right kind of Dumps. All the Dumps PDF available on DumpsPool are as unique and the latest as they can be. Plus, our Practice Question Answers are tested and approved by professionals. Making it the top authentic resource available on the internet. Our expert has made sure the Online Test Engine is free from outdated & fake content, repeated questions, and false plus indefinite information, etc. We make every penny count, and you leave our platform fully satisfied!
Frequently Asked Questions
Question # 1
In accordance with the principle of good faith, which facts must a potential policyholderdisclose to the insurer when applying for insurance?
A. Any facts which are considered material to the risk.
B. Only those facts considered likely to reduce the cost of cover
C. Any facts which are in the public domain.
D. Any facts of law.
Question # 2
A claim has arisen which is fully covered under insurer A's policy and insurer B's policy.Insurer A's policy has a sum insured of £30,000 and insurer B's policy has a sum insured of£50,000. What proportion of the claim is insurer B liable for if the principle of contributionapplies on a rateable proportion by sum insured basis?
A. Two fifths.
B. Three fifths.
C. Three eighths.
D. Five eighths.
Question # 3
In a chain of events, the proximate cause of a loss is always the
A. only event contributing towards the loss.
B. last event before the loss occurs.
C. dominant event leading to the loss.
D. only event which is not excluded by the terms of the policy.
Question # 4
What is the principal reason for which a proposer is asked by the insurer whether his carwill be driven by anyone else?
A. To enable a loading to be applied.
B. To establish whether insurable interest exists.
C. To enable a discount to be applied.
D. It is a material circumstance.
Question # 5
When should a direct insurer advise a policyholder in writing of its complaints-handlingprocedure, to comply with regulatory requirements?
A. Within 7 days of a complaint being made.
B. Within 30 days of cover being incepted.
C. At the time of the sale or immediately afterwards.
D. At the lime of a claim.
Question # 6
For which professional is professional indemnity insurance compulsory by statute?
A. A loss adjuster,
B. A chartered surveyor. .
C. A solicitor.
D. A loss assessor.
Question # 7
The principle of indemnity is the
A. obligation of the insurer to provide a maximum sum insured or limit of liability.
B. placing of the insured, at expiry of a policy, in the same financial position as enjoyed atinception.
C. obligation of the insurer to pay all valid claims according to the terms and conditions ofthe policy.
D. placing of the insured, after a loss, in the same financial position as enjoyed immediately before the loss.
Question # 8
Bye-laws are passed at the Lloyd's Market by the
A. Corporation of Lloyd's.
B. Lloyd's Market Association.
C. Lloyds Managing Agent.
D. Council of Lloyd's.
Question # 9
Joel buys a house in a flood plain, but it has NOT flooded for 10 years. In purchasinginsurance, Joel is managing what element of risk?
A. Uncertainty.
B. Statutory requirements.
C. Frequency.
D. Certainty.
Question # 10
The website of an insurer must include the company's registered name, trading address,contact details and regulator. This is in accordance with rules enforced by the
A. Advertising Standards Authority.
B. Competition and Markets Authority.
C. Prudential Regulation Authority.
D. Financial Ombudsman Service.
Question # 11
A firm of insurance brokers holds client records on an index card system and does NOTintend to computerise this information. In what circumstances, if any, will these records becovered by the Data Protection Act 2018?
A. Only if the records include dates of birth.
B. In all circumstances.
C. Only if the records include details of race.
D. In no circumstances.
Question # 12
A policyholder achieves peace of mind when insuring his car by
A. eliminating the risk of loss.
B. reducing the chance of a loss occurring.
C. preventing the chance of a loss occurring.
D. transferring the risk to the insurer.
Question # 13
To whom, if anyone, can an agent normally delegate the responsibility imposed on netunder an agency agreement?
A. The agent cannot delegate her responsibility.
B. To suitably experienced individuals only.
C. To suitably qualified individuals only.
D. To anyone able to fulfil the duties.
Question # 14
A Terms of Business Agreement between an insurer and an intermediary will normallystate that the insurer will deal with the policyholder
A. only when collecting premiums.
B. on a direct basis,
C. outside normal business hours,
D. via the intermediary.
Question # 15
The purpose of Insurance Premium Tax is to
A. pay for flood defences.
B. raise revenue for the Government.
C. reimburse for claims of insolvent insurers
D. fund the Association of British Insurers.
Question # 16
Insurers and intermediaries are required to adhere to solvency requirements as stipulatedby the
A. Financial Services Compensation Scheme.
B. Financial Ombudsman Service.
C. Association of British Insurers.
D. European Union.
Question # 17
Harry owns a sports car valued at £1.000 and agrees to sell it to Ben for £500. Bendiscusses this with his solicitor who states the contract is
A. unenforceable as the consideration is inadequate.
B. enforceable as consideration does not need to be adequate.
C. enforceable but only if Harry does not refute the contract within six months of thecontract date.
D. unenforceable unless Harry signs a disclaimer acknowledging the consideration asacceptable.
Question # 18
Reinsurance is usually purchased by the
A. intermediary.
B. insurer.
C. regulator.
D. insured.
Question # 19
A house slatls to have subsidence problems due to the negligence of a cable-layingcompany. The owner of the house claims under his household buildings insurance policy.Which principle allows the insurer to recover from the cable-laying company?
A. Subrogation.
B. Assignment.
C. Contribution.
D. Salvage.
Question # 20
A risk control survey shows that premises proposed for insurance are in close proximity toa river with a history of flooding. The underwriter will consider this fact to be a
A. moral hazard.
B. physical hazard.
C. fundamental risk.
D. pure risk.
Leave a comment
Your email address will not be published. Required fields are marked *