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NEW QUESTION 38
An insured is temporarily disabled due to illness and unable to work. During this period, what type of insurance policy will typically pay a weekly benefit for up to two years?

  • A. A critical illness insurance policy.
  • B. A medical expenses insurance policy.
  • C. An employers' liability insurance policy.
  • D. A personal accident and sickness insurance policy.

Answer: D

 

NEW QUESTION 39
Lloyd's is known as a subscription market because

  • A. the underwriter assigns his signature individually to each risk.
  • B. a fee must be paid.
  • C. if an insurer writes a particular class, he is expected to subscribe to the majority of these risks.
  • D. a number of syndicates accept a share of the same risk.

Answer: D

 

NEW QUESTION 40
If a surveyor is sent lo survey a risk, what does risk primarily refer to in this context?

  • A. The premises.
  • B. The policy cover details.
  • C. The insured perils.
  • D. The policyholder.

Answer: A

 

NEW QUESTION 41
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