IF1 Valid Dumps Sheet - IF1 Valid Test Tutorial, Free IF1 Practice

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2023 Professional IF1: Insurance Legal and Regulatory (IF1) Exam Valid Dumps Sheet

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Download Insurance Legal and Regulatory (IF1) Exam Exam Dumps

NEW QUESTION 28
A claim has arisen which is fully covered under insurer A's policy and insurer B's policy. Insurer A's policy has a sum insured of £30,000 and insurer B's policy has a sum insured of £50,000. What proportion of the claim is insurer B liable for if the principle of contribution applies on a rateable proportion by sum insured basis?

  • A. Three eighths.
  • B. Three fifths.
  • C. Five eighths.
  • D. Two fifths.

Answer: C

 

NEW QUESTION 29
Who is represented by a loss assessor?

  • A. A claims handler.
  • B. A policyholder.
  • C. An underwriter.
  • D. A broker.

Answer: B

 

NEW QUESTION 30
An owner of a building reduces its sum insured from £1,000.000 lo £500.000 to save premiums. A Tire causes
£300,000 damage to the building. If the building has a reinstatement value of £750,000 and average is applied, how much will the insured receive in settlement?

  • A. £200.000
  • B. £150.000
  • C. £500.000
  • D. £300.000

Answer: A

 

NEW QUESTION 31
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