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NEW QUESTION 38
What is the legal standing of the Charioted Insurance Institute's Code of Ethics?

• A. It has full force of Jaw except where overridden by pre-existing Acts.
• B. It has full stand-alone legal recognition.
• C. It is to be applied in conjunction with existing Acts.
• D. It does not have the force of law.

Answer: D

NEW QUESTION 39
Barbara owns a factory employing 20 people. What insurance is she required to hold by law?

• A. Products liability insurance.
• B. Public liability insurance.
• C. Employers' liability insurance.
• D. Professional indemnity insurance.

Answer: C

NEW QUESTION 40
In accordance with the principle of good faith, which facts must a potential policyholder disclose to the insurer when applying for insurance?

• A. Only those facts considered likely to reduce the cost of cover
• B. Any facts which are in the public domain.
• C. Any facts which are considered material to the risk.
• D. Any facts of law.

Answer: C

NEW QUESTION 41
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