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1. Whose signatures wouldusuallyappear on therisk's policy?
A) Denis and Cathy
B) Denis and Simone
C) Simone and Alan
D) Alan and Cathy
2. What is his responsibility?
A) Advise the insured the policy covers the loss, if he confirms it
B) Verify the independent adjuster's report has no errors
C) Advise an underwriter the policy requires a premium increase at renewal
D) Record preliminary information and ask further details
3. Which scenario is an example of insurable interest?
A) The interest an underwriter has in writing profitable business
B) An employee's interest in the life insurance policy of a fellow employee
C) The interest an insurance company earns on its premiums
D) An employer's interest in the life of their employee
4. What should the broker provide in the broker report?
A) Any personal knowledge of the client
B) Their suggested premium for the client
C) The client's past premium and deductibles
D) Comparable accounts to assist the insurer in rating
5. Which peril of operating a business is insurable?
A) Product obsolescence
B) Mismanagement
C) Cybersecurity
D) Under-capitalization
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: C |
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