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: firstname.lastname@example.org
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?
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