Make sure you are up-to-date on household cover, says Julian Hall
This week's questions are from the AXA Campus course Household Insurance - Introduction.
This course is of benefit to anyone who is new to household insurance and anyone seeking to refresh their understanding of it.
The objectives of the course are to provide a basic knowledge of the types of household insurance available and the scope of a typical household insurance policy. The course includes material on:
By using AXA Campus, broker compliance/training manager's are able to plan, monitor and manage training and competence within their organisation.
If you are interested in using AXA Campus email: julian.hall@axa-insurance.co.uk
1 Which part of an insurance policy contains a detailed account of the extent of cover?
B The operative clause.
2 A standard all risks policy covers all perils insurable under a standard fire and special perils policy and:
A Accidental damage.
3 Which factor is usually the most crucial when an underwriter is determining whether or not to accept professional indemnity business?
B Claims history.
4 If a policy has a loss ratio of 103%, how much is paid out in claims by insurers for every £100 of premium received?
D £103.
5 XYZ Insurance Company wants to protect its fire insurance account against the impact of large one-off losses. What form of reinsurance should it purchase?
A Excess of loss.
AXA Campus is an ideal learning tool, as it also incorporates tailored versions of CII ed LEARN and ed ASSESS (AXA ed). This relationship provides a natural fit between the soft and technical learning material of AXA Campus and the qualification and compliance aspects of AXA ed.
' Julian Hall is extranet manager at AXA Insurance
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
