We offer the latest IF1 practice test designed for free and effective online Insurance Legal and Regulatory (IF1) certification preparation. It's a simulation of the real IF1 exam experience, built to help you understand the structure, complexity, and topics you'll face on exam day.
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?
Who cedes business to a reinsurer?
A policyholder achieves peace of mind when insuring his car by
If a surveyor is sent lo survey a risk, what does risk primarily refer to in this context?
What legally recognised financial relationship must exist, between a policyholder and the items being insured,
to constitute a valid household contents insurance policy?
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