IF2 General Insurance Business

Mock Exam Questions

Taster Set

Examinable Year: 2013/14

Valid for Examination Dates from: 1 September 201 3

Document last updated: 24 July 2013
Filename: IF2MockTaster
http://www.brandft.co.uk

© B r a n d F in a n c i a l T r a i n i n g , 2 0 1 3
The CII examinable year is currently 1 September 2013 to 31 December 2014.

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IMPORTANT INFORMATION

This Mock Exam paper is designed as a ‘taster’ version, to give you an example of what you
can expect if you go on to purchase the other available Mock papers.

Although it follows the format of the full version, the questions may not be as in-depth as
those given in the full exam and therefore will not score as many marks or take the same
amount of time to answer. Nevertheless, the questions are in the same style / format as
those in the actual exam and other Mock papers and are accompanied by full answers.

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IF2 Examination Information

The examination consists of 100 multiple choice questions (MCQs).

2 hours are allowed for this examination.

Unless otherwise stated, candidates will be examined on the basis of English law and
practice.

A multiple choice question consists of a problem followed by four options, labelled A, B, C and
D. Each question will contain only one correct or best response to the problem.
A correct response is awarded one mark.
No marks are deducted for an incorrect response.

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 1. Under the Road Traffic Act, what is the minimum indemnity that must be provided for
damage to third party property?
a. € 10,000,000
b. € 1,000,000
c. £1,000,000
d. £10,000,000

2. Jack would like to arrange cover in case he becomes disabled due to illness. Which kind of
insurance should he take out?
a. Medical expenses insurance
b. Sickness insurance
c. Personal accident insurance
d. Life assurance

3. A yearly benefit which can be payable in the event of permanent total disablement, under a
Personal Accident policy is:
a. A deductible
b. An annuity
c. A franchise
d. An excess

4. What kind of risks do insurers favour for inclusion in a package policy?

a. Dissimilar risks
b. Homogenous risks
c. Habitual risks
d. Unfamiliar risks

5. This is not a social peril:

a. Malicious acts
b. Storm
c. Riot
d. Civil commotion

6. "All risks" policies provide cover against:

a. Every risk
b. A broad range of risks
c. Risks occurring on the insured's premises only
d. A range of risks requested by the policyholder

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 7. Turnover is defined as:
a. Total income arising from business activities
b. Total profit
c. Total fixed charges
d. Total variable charges

8. How are most Employers’ Liability policies rated?

a. By statutory regulations
b. By precautions
c. By ages
d. By wages

9. Extended warranty insurance offers:

a. Cover for negligent handling
b. An extension to a manufacturer's own guarantee
c. Cover for risks falling under a household contents policy
d. Cover for repairs to external wires

10. Risk control advice is commonly offered as part of the service provided by:
a. Claims handlers
b. Independent intermediaries
c. Helpline advisers
d. Loss assessors

11. What is a proposal form?

a. A questionnaire
b. A quote request
c. A certificate
d. A schedule

12. Under FCA rules intermediaries must provide information to clients:

a. In a letter
b. In a durable medium
c. Orally, in person
d. By telephone

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 13. Within how many days of commencement of cover must an intermediary provide a
commercial client with a policy document?
a. 14 days
b. 10 days
c. 30 days
d. 20 days

14. Which part of a policy document specifies what is covered by the policy?
a. The operative clauses
b. The operational clauses
c. The recital clause
d. The final clauses

15. The contribution condition is usually only found in which type of policy?
a. Benefit
b. Indemnity
c. Mutual
d. Reinsurance

16. An illegal contract will make a policy:

a. Corrupt
b. Actionable
c. Voidable
d. Void

17. If an insurer wishes to decline a claim due to an exclusion in the policy, who must prove that
the exclusion applies?
a. The insured
b. A lawyer
c. The broker
d. The insurer

18. A loss adjuster:

a. Is independent
b. Is paid by the insured
c. Is working on behalf of the insurer
d. Accepts instruction from members of the public

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 19. Which of these is not a computer operating system?
a. Linux
b. Windows
c. MAC OS
d. GUI

20. Which standards allow a company to compare its performance with its competitors?
a. Imperial standards
b. Internal standards
c. Innovational standards
d. Industry standards

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Answers

Alongside each answer, you will find a cross-reference to the relevant Chapter and Section in
the most up-to-date version of the CII study text.

Q. Answer Chapter Section

1. C 1 A2A
2. B 2 A2B
3. B 2 A2A
4. B 3 C1
5. B 4 A2B
6. B 4 B1
7. A 5 B1A
8. D 6 A4
9. B 6 G1
10. B 7 C
11. A 8 C
12. B 9 C1A
13. C 9 G1
14. A 10 A4
15. B 10 C1
16. D 10 F2A
17. D 11 A
18. A 11 C3
19. D 12 A3
20. D 14 A6

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 Your Essential Resources for the CII IF2 Exam

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