Free CII IF1 Exam Questions

John and his wife arrange a household contents insurance policy in joint names with insurer A for a sum insured of £10,000. His wife arranges a second policy on the same basis with insurer B for a sum insured of £20,000. Both policies have identical terms and conditions. What is insurer A's liability if a valid claim of £3,000 is subsequently made? 

Reinsurance is usually purchased by the 

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

Who cedes business to a reinsurer? 

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