최신IIC Principles and Practice of Insurance - C11무료샘플문제
문제1
[Insurance Companies - Reinsurance (Non-Proportional / Excess of Loss)] Cover It Insurance has a non-proportional reinsurance agreement with ZYX-Reinsurance:
$600,000 excess of $300,000.
Which payout is accurate?
[Insurance Companies - Reinsurance (Non-Proportional / Excess of Loss)] Cover It Insurance has a non-proportional reinsurance agreement with ZYX-Reinsurance:
$600,000 excess of $300,000.
Which payout is accurate?
정답: A
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문제2
Karl recently purchased a house in Winnipeg. Prior to the purchase he asked if the house had termites. The house was infested, but the seller falsely stated there were none. After signing the contract, Karl discovered the infestation. Which element makes the purchase contract voidable?
Karl recently purchased a house in Winnipeg. Prior to the purchase he asked if the house had termites. The house was infested, but the seller falsely stated there were none. After signing the contract, Karl discovered the infestation. Which element makes the purchase contract voidable?
정답: A
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문제3
What best describes a direct loss?
What best describes a direct loss?
정답: B
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문제4
With respect to an insurance contract, what is the best example ofconsideration?
With respect to an insurance contract, what is the best example ofconsideration?
정답: A
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문제5
Who has authority from a company to manage that company's business within their territory, to appoint other agents, and to settle claims?
Who has authority from a company to manage that company's business within their territory, to appoint other agents, and to settle claims?
정답: A
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문제6
What type of cancellation occurs if theinsuredcancels the policy before expiry?
What type of cancellation occurs if theinsuredcancels the policy before expiry?
정답: A,B
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문제7
In a non-proportional (excess of loss) reinsurance contract, the reinsurer agrees to pay the portion of any loss thatexceeds $80,000, up to an additional$100,000.
How much would the primary insurer pay for an insured loss of$60,000?
In a non-proportional (excess of loss) reinsurance contract, the reinsurer agrees to pay the portion of any loss thatexceeds $80,000, up to an additional$100,000.
How much would the primary insurer pay for an insured loss of$60,000?
정답: A
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문제8
What are many of the statutory conditions designed to accomplish?
What are many of the statutory conditions designed to accomplish?
정답: D
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문제9
Which principle of insurance requires that an insured must have a financial interest in the subject matter of insurance at the time of loss?
Which principle of insurance requires that an insured must have a financial interest in the subject matter of insurance at the time of loss?
정답: D
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문제10
Which type of insurance company has the same capital structure as any other capital enterprise?
Which type of insurance company has the same capital structure as any other capital enterprise?
정답: B
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