Sample GEN 1BSample GEN 1B

QuestionsQuestions

Standard cover under a theft policy will indemnify a shop Standard cover under a theft policy will indemnify a shop owner in respect of theft losses resulting from:owner in respect of theft losses resulting from:

A A a break-ina break-in

B B a key being left on the premisesa key being left on the premises

C C pilfering by employeespilfering by employees

D D shopliftingshoplifting

Sample QuestionSample Question

Standard cover under a theft policy will indemnify a shop Standard cover under a theft policy will indemnify a shop owner in respect of theft losses resulting from:owner in respect of theft losses resulting from:

A A a break-ina break-in

B B a key being left on the premisesa key being left on the premises

C C pilfering by employeespilfering by employees

D D shopliftingshoplifting

ANSWER :ANSWER : A A

AnswerAnswer

Which policy can normally be extended to cover libel and Which policy can normally be extended to cover libel and slander?slander?

AA Employers’ liabilityEmployers’ liability

BB Products liabilityProducts liability

CC Professional indemnityProfessional indemnity

DD Public liabilityPublic liability

Sample QuestionSample Question

Which policy can normally be extended to cover libel and Which policy can normally be extended to cover libel and slander?slander?

AA Employers’ liabilityEmployers’ liability

BB Products liabilityProducts liability

CC Professional indemnityProfessional indemnity

DD Public liabilityPublic liability

ANSWER :ANSWER : C C

AnswerAnswer

If an insurer operates a legal costs service in association with If an insurer operates a legal costs service in association with household insurance policies, to whom is legal advice provided?household insurance policies, to whom is legal advice provided?

AA Loss adjustersLoss adjusters

BB PolicyholdersPolicyholders

CC Policyholders’ brokersPolicyholders’ brokers

DD Third partyThird party

Sample QuestionSample Question

If an insurer operates a legal costs service in association with If an insurer operates a legal costs service in association with household insurance policies, to whom is legal advice provided?household insurance policies, to whom is legal advice provided?

AA Loss adjustersLoss adjusters

BB PolicyholdersPolicyholders

CC Policyholders’ brokersPolicyholders’ brokers

DD Third partyThird party

ANSWER :ANSWER : B B

AnswerAnswer

The primary reason that an underwriter needs to be aware of The primary reason that an underwriter needs to be aware of material facts is because this information enables him to:material facts is because this information enables him to:

AA analyse the frequency and severity of the riskanalyse the frequency and severity of the risk

BB arrange suitable reinsurancearrange suitable reinsurance

CC establish the most suitable policy for the proposerestablish the most suitable policy for the proposer

DD rate the riskrate the risk

Sample QuestionSample Question

The primary reason that an underwriter needs to be aware of The primary reason that an underwriter needs to be aware of material facts is because this information enables him to:material facts is because this information enables him to:

AA analyse the frequency and severity of the riskanalyse the frequency and severity of the risk

BB arrange suitable reinsurancearrange suitable reinsurance

CC establish the most suitable policy for the proposerestablish the most suitable policy for the proposer

DD rate the riskrate the risk

ANSWER :ANSWER : D D

AnswerAnswer

George has a personal accident policy which provides a benefit of George has a personal accident policy which provides a benefit of €100 per week. A 14 day excess applies. George breaks his leg €100 per week. A 14 day excess applies. George breaks his leg and cannot work for 5 weeks. How much, if anything can he claim?and cannot work for 5 weeks. How much, if anything can he claim?

AA NilNil

BB €200€200

CC €300€300

DD €500€500

Sample QuestionSample Question

George has a personal accident policy which provides a benefit of George has a personal accident policy which provides a benefit of €100 per week. A 14 day excess applies. George breaks his leg €100 per week. A 14 day excess applies. George breaks his leg and cannot work for 5 weeks. How much, if anything can he claim?and cannot work for 5 weeks. How much, if anything can he claim?

AA NilNil

BB €200€200

CC €300€300

DD €500€500

ANSWER :ANSWER : C C

AnswerAnswer

There are standard compulsory excesses under a comprehensive There are standard compulsory excesses under a comprehensive private motor insurance policy. What determines the level of the private motor insurance policy. What determines the level of the excess?excess?

AA The type of vehicleThe type of vehicle

BB The age and experience of the driverThe age and experience of the driver

CC The area of useThe area of use

DD The use to which the vehicle is putThe use to which the vehicle is put

Sample QuestionSample Question

There are standard compulsory excesses under a comprehensive There are standard compulsory excesses under a comprehensive private motor insurance policy. What determines the level of the private motor insurance policy. What determines the level of the excess?excess?

AA The type of vehicleThe type of vehicle

BB The age and experience of the driverThe age and experience of the driver

CC The area of useThe area of use

DD The use to which the vehicle is putThe use to which the vehicle is put

ANSWER :ANSWER : B B

AnswerAnswer

Which part of an insurance policy incorporates the proposal form into Which part of an insurance policy incorporates the proposal form into the policy?the policy?

AA Standard conditionsStandard conditions

BB Operative clauseOperative clause

CC Policy schedulePolicy schedule

DD Recital clauseRecital clause

Sample QuestionSample Question

Which part of an insurance policy incorporates the proposal form into Which part of an insurance policy incorporates the proposal form into the policy?the policy?

AA Standard conditionsStandard conditions

BB Operative clauseOperative clause

CC Policy schedulePolicy schedule

DD Recital clauseRecital clause

ANSWER :ANSWER : D D

AnswerAnswer

In the context of risk management, what are the two main categories In the context of risk management, what are the two main categories of risk control?of risk control?

AA Physical and MoralPhysical and Moral

BB Physical and FinancialPhysical and Financial

CC Financial and MoralFinancial and Moral

D Pre- and Post-lossD Pre- and Post-loss

Sample QuestionSample Question

In the context of risk management, what are the two main categories In the context of risk management, what are the two main categories of risk control?of risk control?

AA Physical and MoralPhysical and Moral

BB Physical and FinancialPhysical and Financial

CC Financial and MoralFinancial and Moral

D Pre- and Post-lossD Pre- and Post-loss

ANSWER :ANSWER : B B

AnswerAnswer

The purpose of the Data Protection Act 1988 is to protect:The purpose of the Data Protection Act 1988 is to protect:

AA computer software developers from software pirates and computer software developers from software pirates and hackershackers

BB computer systems manufacturers against misuse of their computer systems manufacturers against misuse of their products by third partiesproducts by third parties

CC individuals on whom data is heldindividuals on whom data is held

DD public companies which hold data concerning clientspublic companies which hold data concerning clients

Sample QuestionSample Question

The purpose of the Data Protection Act 1988 is to protect:The purpose of the Data Protection Act 1988 is to protect:

AA computer software developers from software pirates and computer software developers from software pirates and hackershackers

BB computer systems manufacturers against misuse of their computer systems manufacturers against misuse of their products by third partiesproducts by third parties

CC individuals on whom data is heldindividuals on whom data is held

DD public companies which hold data concerning clientspublic companies which hold data concerning clients

ANSWER :ANSWER : C C

AnswerAnswer

The role of the Motor Insurers’ Bureau of Ireland has been defined in a The role of the Motor Insurers’ Bureau of Ireland has been defined in a number of agreements. What important amendment was made to the number of agreements. What important amendment was made to the Bureau’s role by the agreement effective 1 January 1989?Bureau’s role by the agreement effective 1 January 1989?

AA The inclusion of third party property damage claimsThe inclusion of third party property damage claims

BB Unlimited personal injury coverUnlimited personal injury cover

CC Inclusion of ‘hit and run’ situationsInclusion of ‘hit and run’ situations

DD The ability to recover from the government amounts paid The ability to recover from the government amounts paid under the terms of the agreementunder the terms of the agreement

Sample QuestionSample Question

The role of the Motor Insurers’ Bureau of Ireland has been defined in a The role of the Motor Insurers’ Bureau of Ireland has been defined in a number of agreements. What important amendment was made to the number of agreements. What important amendment was made to the Bureau’s role by the agreement effective 1 January 1989?Bureau’s role by the agreement effective 1 January 1989?

AA The inclusion of third party property damage claimsThe inclusion of third party property damage claims

BB Unlimited personal injury coverUnlimited personal injury cover

CC Inclusion of ‘hit and run’ situationsInclusion of ‘hit and run’ situations

DD The ability to recover from the government amounts paid The ability to recover from the government amounts paid under the terms of the agreementunder the terms of the agreement

ANSWER :ANSWER : A A

AnswerAnswer