Exam Past Questions

Insurance coverage Characteristics and scope of the main classes of insurance Lige assurance Non-life insurance Packages and schemes Purpose and scope of compulsory forms of insurance Use of policy extras including emergency services, legal services, helplines Insurance-related services Appendix 1: ABI Buildings insurance for home owners guide General structure of the insurance market Structure of the insurance market Categories of insurance intermediary and distinctions between them Nature of the agreement between intermediaries and their principal Delegation of authority by insurers Characteristics of the main types of insurer Organisational structure of insurance companies Distribution channels Structure and operation of Lloyd's Organisations representing sections of the insurance market Arranging Insurance Searching the market Purpose, use, structure and content of proposal forms Role and structure of scheduled policy forms Use and general features exclusions and conditions Use of standard and non-standard clauses and endorsements in policies Features of transacting insurance at Lloyd's Purpose, content and use of cover notes and certificates of insurance Reasons and procedures for amending policies General features of the renewal process Instalment premiums Appendix 1: Direct Insurance flyer (phone/internet) for home insurance Appendix 2: Private car proposal form Appendix 3: Liability proposal form Appendix 4: Liability policy Appendix 5: Motor Insurance certificate Appendix 6: Employers' liability insurance certificate Underwriting Insurance Common pool Characteristics of physical and moral hazard Role of the underwriting process Basic principles of underwriting the main classes of insurance Purpose and use of risk control surveys Theoretical and practical factors used in calculating rates of premium Application of rates of premium to the main classes of insurance Insurance Premium Tax Risk sharing and spreading Reasons for sharing risks by means of co-insurance and reinsurance Procedures for co-insuring risks Characteristics of the reinsurance market Features of facultative and treaty reinsurance and the significance of retention limits Features of claims procedures Notification of claims Acceptance of liability Procedures used by insurers in settling claims Use of loss adjusters and other professionals Methods of settling claims Claims solutions Limits to the amount to be paid in settlement of a claim Reinsurance and other insurance market claims Dealing with fraud, including the application and operation of CUE and other anti-fraud initiatives Complaints and disputes Appendix 1: Business premises claims report Appendix 2: Loss adjuster's report Appendix 3: Claiming on your home insurance policy Appendix 4: General insurance claims code Legal and regulatory considerations Statutory supervision of insurance Financial Services Authority FSA Handbook Principles for Business (PRIN) Regulation of insurance intermediaries Money laundering Data protection Appendix 1: FSA Handbook Table of Contents Consumer protection Voluntary codes Ethical standards Complaints handling Financial Ombudsman Service Appendix 1: Code of Ethics and Conduct

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Our students have several reasons for using our platform:

1. Familiarity with Exam Format: Past exam questions help students understand the structure and format of the exams they will be facing. This familiarity reduces anxiety and allows students to focus more on the content rather than the logistics of the exam.
2. Identifying Key Topics: By reviewing past questions, students can identify recurring themes or topics that are frequently tested. This helps them prioritize their studying efforts and focus on areas that are more likely to appear on the exam.
3. Practice with Time Management: Exams typically have time constraints, and practicing past questions allows students to practice managing their time effectively. They can learn how much time to allocate to each question and practice pacing themselves during the exam.
4. Application of Knowledge: Answering past exam questions requires students to apply their knowledge and understanding of the subject matter. This application helps reinforce learning and deepens understanding of key concepts.
5. Feedback and Self-Assessment: After attempting past exam questions, students can compare their answers with model answers or marking schemes if available. This provides valuable feedback on their understanding and allows them to identify areas where they may need further study.
6. Building Confidence: Successfully answering past exam questions builds confidence in students' ability to tackle similar questions in the actual exam. It validates their preparation and helps alleviate exam-related stress.
7. Improving Exam Technique: Practicing past questions helps students refine their exam technique, such as how to interpret questions, structure their answers effectively, and ensure they address all parts of the question.

Using our past exam questions is a practical and effective study strategy that enhances preparation, builds confidence, and improves performance in exams by providing focused practice and valuable feedback.