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ISR3701-25-EX06
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Brokers __________.
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A proposal form _________.a) is an offer by the insurer to the insured. b) can be used to advertise other products available from the insurer.c) elicits a quotation.d) establishes a warranty.CHOOSE THE CORRECT COMBINATION:
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Which one of the following cases is an example of loss types which emanates from risks that produce aggregate yearly costs which are over time considered stable?
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Mr Mazibuko bought an expensive diamond ring for his wife for her birthday. She only intends to wear the ring daily. The ring will be kept in a safe at their home when she is not wearing it. In this case Mr Mazibuko would be wise to insure the ring under the … section of his short-term policy.
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Indicate the correct statement.
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Lloyd’s ___________.a) has underwritten the voice of Bruce Springsteenb) is not an insurance companyc) operates worldwided) invented the term underwriting CHOOSE THE CORRECT COMBINATION:
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In terms of a quota share treaty, …
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The client provides transport services for tourists across Southern Africa. The client wants to know whether the passenger liability cover is necessary to obtain bearing in mind that the main source of compensation is now the Road Accident Fund. What advice would you provide to the client?
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A motorcar accident is a typical example of … risk.
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Consideration in terms of insurance policies …
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