Free CII IF1 Exam Dumps Questions & Answers

John has a whole of life policy and has recently been diagnosed with cancer. When, if at all. must he disclose this to his insurer?

• A.At the date of the next premium payment.
• B.He does not need to disclose this.
• C.Immediately, irrespective of prognosis.
• D.Immediately, but only if the diagnosis is terminal.

A storm blew down the wall of a limber building. The failing wall broke electrical wiring, which short-circuited and the resultant sparks caused a fire. The lire brigade used water to put out the fire and the water caused damage to the unburnt contents. What is the proximate cause of the damage to the unburnt contents?

• A.The fire.
• B.The water damage.
• C.The storm.
• D.The falling wall.

Under the Consumer Rights Act 2015. a clause in a household insurance policy may be considered unfair if it

• A.discriminates against one of the persons insured on the grounds of nationality, gender or sexual orientation only.
• B.allows any party other than the insured to enforce the insurer's obligations under the policy.
• C.causes a significant imbalance in the parties' rights and obligations arising under the contract, to the disadvantage of the insured.
• D.imposes unreasonable obligations on the insurer in terms of costs or expenses that must be paid in addition to the amount of any loss.

The main function of an insurance broker is to

• A.introduce business lo a particular insurer.
• B.provide independent advice to clients.
• C.negotiate claims.
• D.act as the agent of the insurer.

Sunita suffers a loss and makes a claim under her household contents insurance policy. When must insurable interest exist for her claim to be valid?

• A.At policy inception and at the time of the loss.
• B.At policy inception only.
• C.At the time of the proposal.
• D.At the time of the loss only.