If 2 Mock Taster PDF

IF2 General Insurance Business
Mock Exam Questions
Taster Set
Examinable Year: 2013/14
Valid for Examination Dates from: 1 September 201 3

Document last updated: 24 July 2013
Filename: IF2MockTaster
http://www.brandft.co.uk
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The CII examinable year is currently 1 September 2013 to 31 December 2014.
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Chartered Insurance Institute (CII) or the Institute of Financial Services (IFS).
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Examinable Year 2013/14
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IMPORTANT INFORMATION
This Mock Exam paper is designed as a ‘taster’ version, to give you an example of what you
can expect if you go on to purchase the other available Mock papers.
Although it follows the format of the full version, the questions may not be as in-depth as
those given in the full exam and therefore will not score as many marks or take the same
amount of time to answer. Nevertheless, the questions are in the same style / format as
those in the actual exam and other Mock papers and are accompanied by full answers.


IF2 Examination Information
The examination consists of 100 multiple choice questions (MCQs).
2 hours are allowed for this examination.
Unless otherwise stated, candidates will be examined on the basis of English law and
practice.
A multiple choice question consists of a problem followed by four options, labelled A, B, C and
D. Each question will contain only one correct or best response to the problem.
A correct response is awarded one mark.
No marks are deducted for an incorrect response.


1. Under the Road Traffic Act, what is the minimum indemnity that must be provided for
damage to third party property?
a. € 10,000,000
b. € 1,000,000
c. £1,000,000
d. £10,000,000
2. Jack would like to arrange cover in case he becomes disabled due to illness. Which kind of
insurance should he take out?
a. Medical expenses insurance
b. Sickness insurance
c. Personal accident insurance
d. Life assurance
3. A yearly benefit which can be payable in the event of permanent total disablement, under a
Personal Accident policy is:
a. A deductible
b. An annuity
c. A franchise
d. An excess
4. What kind of risks do insurers favour for inclusion in a package policy?

a. Dissimilar risks
b. Homogenous risks
c. Habitual risks
d. Unfamiliar risks
5. This is not a social peril:

a. Malicious acts
b. Storm
c. Riot
d. Civil commotion
6. "All risks" policies provide cover against:

a. Every risk
b. A broad range of risks
c. Risks occurring on the insured's premises only
d. A range of risks requested by the policyholder


7. Turnover is defined as:
a. Total income arising from business activities
b. Total profit
c. Total fixed charges
d. Total variable charges
8. How are most Employers’ Liability policies rated?

a. By statutory regulations
b. By precautions
c. By ages
d. By wages
9. Extended warranty insurance offers:

a. Cover for negligent handling
b. An extension to a manufacturer's own guarantee
c. Cover for risks falling under a household contents policy
d. Cover for repairs to external wires
10. Risk control advice is commonly offered as part of the service provided by:
a. Claims handlers
b. Independent intermediaries
c. Helpline advisers
d. Loss assessors
11. What is a proposal form?

a. A questionnaire
b. A quote request
c. A certificate
d. A schedule
12. Under FCA rules intermediaries must provide information to clients:

a. In a letter
b. In a durable medium
c. Orally, in person
d. By telephone


13. Within how many days of commencement of cover must an intermediary provide a
commercial client with a policy document?
a. 14 days
b. 10 days
c. 30 days
d. 20 days
14. Which part of a policy document specifies what is covered by the policy?
a. The operative clauses
b. The operational clauses
c. The recital clause
d. The final clauses
15. The contribution condition is usually only found in which type of policy?
a. Benefit
b. Indemnity
c. Mutual
d. Reinsurance
16. An illegal contract will make a policy:

a. Corrupt
b. Actionable
c. Voidable
d. Void
17. If an insurer wishes to decline a claim due to an exclusion in the policy, who must prove that
the exclusion applies?
a. The insured
b. A lawyer
c. The broker
d. The insurer
18. A loss adjuster:

a. Is independent
b. Is paid by the insured
c. Is working on behalf of the insurer
d. Accepts instruction from members of the public


19. Which of these is not a computer operating system?
a. Linux
b. Windows
c. MAC OS
d. GUI
20. Which standards allow a company to compare its performance with its competitors?
a. Imperial standards
b. Internal standards
c. Innovational standards
d. Industry standards


Answers
Alongside each answer, you will find a cross-reference to the relevant Chapter and Section in
the most up-to-date version of the CII study text.
Q. Answer Chapter Section

1. C 1 A2A
2. B 2 A2B
3. B 2 A2A
4. B 3 C1
5. B 4 A2B
6. B 4 B1
7. A 5 B1A
8. D 6 A4
9. B 6 G1
10. B 7 C
11. A 8 C
12. B 9 C1A
13. C 9 G1
14. A 10 A4
15. B 10 C1
16. D 10 F2A
17. D 11 A
18. A 11 C3
19. D 12 A3
20. D 14 A6


Your Essential Resources for the CII IF2 Exam
For I F2 there are mock exam papers and a 'pass exams easily' revision kit .
IF2 Mock Exam Questions

Free mock questions plus 3 full sets of 100 questions to
purchase. Our answers include cross references to the CII study
text. These are written by Brand Financial Training in the same
style as the CII 's papers, but they are not duplic ates of the CII 's
mock papers.
"It was hard for me to commit myself to st art studying again as I am a full
time mum of two under 5. However, I took the challenge and decided to go
for it. I was looking for past papers and that's when I came across the
mock exams through the Brand Financial Training website. After doing
them over and over again I was able to revise the areas I was weak in. It
gave me confidence and I wa s ready for the exams. If I didn't do these
papers I would have been a nervous wreck! I guess I owe a big thank you to
Brand Financial Training."
Shalini Devarajan, Ipswich (talking about IF1)
Pass Exams Easily

Our 'Pass Exams Ea sily' kit written by Genius Material shows
you - step by step - exactly how to revise . It inc ludes ebook,
video and audio MP3 . Suitable for all exams you can download
the taster e-book to try it out .
How Do I Find Out More?

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IF2 General Insurance Business

Mock Exam Questions

Examinable Year: 2013/14

Valid for Examination Dates from: 1 September 201 3

The copyright of all documentation (including electronic documentation) belongs to Brand

The documentation could include inaccuracies or typographical errors and is in no way

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© Brand Financial Training, 2013

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© Brand Financial Training, 2013

The examination consists of 100 multiple choice questions (MCQs).

2 hours are allowed for this examination.

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© Brand Financial Training, 2013

4. What kind of risks do insurers favour for inclusion in a package policy?

5. This is not a social peril:

6. "All risks" policies provide cover against:

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8. How are most Employers’ Liability policies rated?

9. Extended warranty insurance offers:

11. What is a proposal form?

12. Under FCA rules intermediaries must provide information to clients:

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16. An illegal contract will make a policy:

18. A loss adjuster:

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Q. Answer Chapter Section

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IF2 Mock Exam Questions

Pass Exams Easily

How Do I Find Out More?

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