Confidently Practice Online with Free IF1 Exam Cram

Practice your Insurance Legal and Regulatory (IF1) certification test with free IF1 exam cram and take control of your certification preparation. At FreeExamCram, you can practice online for free using real IF1 exam dumps, verified questions, and expert-designed free online practice tests. Moreover our CII IF1 exam cram backed by our confidence-boosting refund guarantee.

Question 1

If an insured signs an agreement with a hold harmless clause, this may prevent the insurer from

Options :

A : disclosing details to a third party.

B : reinsuring the risk.

C : pursuing subrogation rights.

D : increasing the premium.

Answer: C

Question 2

A policyholder achieves peace of mind when insuring his car by

Options :

A : eliminating the risk of loss.

B : reducing the chance of a loss occurring.

C : preventing the chance of a loss occurring.

D : transferring the risk to the insurer.

Answer: D

Question 3

Reinsurance is usually purchased by the

Options :

A : intermediary.

B : insurer.

C : regulator.

D : insured.

Answer: B

Question 4

The website of an insurer must include the company's registered name, trading address, contact details and regulator. This is in accordance with rules enforced by the

Options :

A : Advertising Standards Authority.

B : Competition and Markets Authority.

C : Prudential Regulation Authority.

D : Financial Ombudsman Service.

Answer: D

Question 5

Joel buys a house in a flood plain, but it has NOT flooded for 10 years. In purchasing insurance, Joel is managing what element of risk?

Options :

A : Uncertainty.

B : Statutory requirements.

C : Frequency.

D : Certainty.

Answer: A