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NEW QUESTION 22
A Terms of Business Agreement between an insurer and an intermediary will normally state that the insurer will deal with the policyholder
- A. on a direct basis,
- B. outside normal business hours,
- C. via the intermediary.
- D. only when collecting premiums.
Answer: C
NEW QUESTION 23
What is the legal standing of the Charioted Insurance Institute's Code of Ethics?
- A. It is to be applied in conjunction with existing Acts.
- B. It has full force of Jaw except where overridden by pre-existing Acts.
- C. It has full stand-alone legal recognition.
- D. It does not have the force of law.
Answer: D
NEW QUESTION 24
The Principles for Business slate that all customers should be treated
- A. equally.
- B. to a minimum standard.
- C. with due respect.
- D. fairly.
Answer: D
NEW QUESTION 25
Who can place business directly with a Lloyd's underwriter?
- A. Lloyd's brokers and other intermediaries.
- B. Lloyd's agents.
- C. Members of the public.
- D. Lloyd's brokers only.
Answer: A
NEW QUESTION 26
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