Exam Past Questions

INSURANCE BROKING- A930 THE INTERMEDIARY MARKET definition of an intermediary how intermidaries operate structure and placing of business at lioyd's trade associations and broker network impact of brokers on the market REGULATION OF INTERMEDARIES key features approved persons and fit and proper standard insurance: conduct of business sourcebook(ICOB) appointed representative training and competence financial ombudsman service financial service compensation scheme reporting requirements professional indemnity insurance capital resources requirement RELEVANT LEGISLATION law of agency and the broker's legal relationship with the insurer data protection act 1998 consumer credit acts money laundering regulations 2003 appendix 1: ABI guidance on insurer TOBAS appendix 2: generic framework TOBA agreed by royal sun alliance and the LMBC appendix 3: generic TOBA used by allianz cornhill OTHER REGULATORY ISSUES discipline of brokers client money acconting requirements tax implications for global insurance placement appendix 1: disciplinary action-firms appendix 2: disciplinary action-approved persons THE BROKER AND CLIENT introducing the role of the broker understanding client needs terms of business agreements(TOBAs) service level agreements(SLAs) clients satisfaction appendix 1: LMBC guidance on client TOBAs appendix 2: LMBC suggested client TOBA appendix 3: example extract from an SLA THE BROKER AND THE INSURER how many insurers should a broker deal with? selection of insurers insurer failure PLACING THE RISK AND NEGOTIATING CLAIMS negotiating and placing the risk london market reform policy wordings and contact certain negotiating claims appendix 1: sample triangulation appendix 2: example of a UK register appendix 3: ABI contract certainty code of good practice OTHER ASPECTS OF THE BROKER'S ROLE programme design and global insurance programmes electronic trading risk management remuneration of the broker delegated authority MARKETING what is marketing? marketing environment marketing research product development sales process marketing and sales-regulation appendix 1: ICOB 3 financial promotions SECURITY security function within large brokers monitoring solvency of other intermediaries CLIENT SERVICE causes of mistakes and poor service examples of errors and omissions true cost to the brokers role of quality system implementing an effective quality system

Continue To Chat

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.