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IF1 Dumps - Insurance Legal and Regulatory (IF1) Exam Practice Exam Questions

CII IF1 - Insurance Legal and Regulatory (IF1) Exam Braindumps

CII IF1 - Certificate in Insurance Practice Exam

  • Certification Provider:CII
  • Exam Code:IF1
  • Exam Name:Insurance Legal and Regulatory (IF1) Exam Exam
  • Total Questions:100 Questions and Answers
  • Updated on:Nov 15, 2024
  • Product Format: PDF & Test Engine Software Version
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CII IF1 This Week Result

IF1 Question and Answers

Question # 1

In a chain of events, the proximate cause of a loss is always the

Options:

A.  

only event contributing towards the loss.

B.  

last event before the loss occurs.

C.  

dominant event leading to the loss.

D.  

only event which is not excluded by the terms of the policy.

Discussion 0
Question # 2

Under a coinsurance arrangement, who is ultimately responsible for payment of an agreed claim?

Options:

A.  

Each coinsurer for its own proportion, but also a share of any proportion unpaid due to the default of another coinsurer.

B.  

The lead insurer.

C.  

The intermediary.

D.  

Each coinsurer for its own proportion only.

Discussion 0
Question # 3

Sunita suffers a loss and makes a claim under her household contents insurance policy. When must insurable interest exist for her claim to be valid?

Options:

A.  

At the time of the loss only.

B.  

At policy inception only.

C.  

At policy inception and at the time of the loss.

D.  

At the time of the proposal.

Discussion 0

PDF vs Software Version

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