Why is the 'law of large numbers' an important concept for insurers?
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Card 7
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Peter is applying for motor insurance and has disclosed that he has three unexpired speeding offences. He is aged 58 years and drives a small 1100cc car. In underwriting his insurance, what is the KEY concern likely to be?
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Card 8
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The concept of physical hazard is best described as:
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Card 9
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What is the main reason for different types of insurance being compulsory on the UK?
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Card 10
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Is it important with employers' liability insurance to be able to trace previous employers in the event of there being a claim. What is the name of the database which is used to achieve this?
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Card 11
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Pete has arranged insurance cover through an insurance intermediary. If he hasn't recieved the policy document, he should be aware that:
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Card 12
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The MOST likley reson that Pippa is unable to insure her brother's car is because of the lack of:
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Card 13
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Those who propose for insurance must disclose all material facts they are aware of. This describes the principle of:
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Card 14
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Under the Insurance (Disclosure and Representations) Act 2012, what must an insurer prove, if anything, if it is to successfully decline a claim from a consumer?
