Free CII IF1 Exam Questions

Become CII Certified with updated IF1 exam questions and correct answers

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Total 101 Questions | Updated On: Jan 21, 2024

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Question 1

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.

Answer: D

Question 2

Who cedes business to a reinsurer?

A : The insurer.

B : The assessor.

C : The agent.

D : The insured.

Answer: A

Question 3

What legally recognised financial relationship must exist, between a policyholder and the items being insured, to constitute a valid household contents insurance policy?

A : Insurable interest.

B : Risk indemnity.

C : Vicarious liability.

D : Delegated authority.

Answer: A

Question 4

Reinsurance is usually purchased by the

A : intermediary.

B : insurer.

C : regulator.

D : insured.

Answer: B

Question 5

If a surveyor is sent lo survey a risk, what does risk primarily refer to in this context?

A : The policyholder.

B : The premises.

C : The policy cover details.

D : The insured perils.

Answer: B

Page: 1 / 21

Total 101 Questions | Updated On: Jan 21, 2024

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