1. Sample GEN 1B Questions

2. Standard cover under a theft policy will indemnify a shop owner in respect of theft losses resulting from: A a break-in B a key being left on the premises C pilfering by employees D shoplifting Sample Question

3. Standard cover under a theft policy will indemnify a shop owner in respect of theft losses resulting from: A a break-in B a key being left on the premises C pilfering by employees D shoplifting ANSWER : A Answer

4. Which policy can normally be extended to cover libel and slander? AEmployers’ liability BProducts liability CProfessional indemnity DPublic liability Sample Question

5. Which policy can normally be extended to cover libel and slander? AEmployers’ liability BProducts liability CProfessional indemnity DPublic liability ANSWER : C Answer

6. If an insurer operates a legal costs service in association with household insurance policies, to whom is legal advice provided? ALoss adjusters BPolicyholders CPolicyholders’ brokers DThird party Sample Question

7. If an insurer operates a legal costs service in association with household insurance policies, to whom is legal advice provided? ALoss adjusters BPolicyholders CPolicyholders’ brokers DThird party ANSWER : B Answer

8. The primary reason that an underwriter needs to be aware of material facts is because this information enables him to: Aanalyse the frequency and severity of the risk Barrange suitable reinsurance Cestablish the most suitable policy for the proposer Drate the risk Sample Question

9. The primary reason that an underwriter needs to be aware of material facts is because this information enables him to: Aanalyse the frequency and severity of the risk Barrange suitable reinsurance Cestablish the most suitable policy for the proposer Drate the risk ANSWER : D Answer

10. George has a personal accident policy which provides a benefit of €100 per week. A 14 day excess applies. George breaks his leg and cannot work for 5 weeks. How much, if anything can he claim? ANil B€200 C€300 D€500 Sample Question

11. George has a personal accident policy which provides a benefit of €100 per week. A 14 day excess applies. George breaks his leg and cannot work for 5 weeks. How much, if anything can he claim? ANil B€200 C€300 D€500 ANSWER : C Answer

12. There are standard compulsory excesses under a comprehensive private motor insurance policy. What determines the level of the excess? AThe type of vehicle BThe age and experience of the driver CThe area of use DThe use to which the vehicle is put Sample Question

13. There are standard compulsory excesses under a comprehensive private motor insurance policy. What determines the level of the excess? AThe type of vehicle BThe age and experience of the driver CThe area of use DThe use to which the vehicle is put ANSWER : B Answer

14. Which part of an insurance policy incorporates the proposal form into the policy? AStandard conditions BOperative clause CPolicy schedule DRecital clause Sample Question

15. Which part of an insurance policy incorporates the proposal form into the policy? AStandard conditions BOperative clause CPolicy schedule DRecital clause ANSWER : D Answer

16. In the context of risk management, what are the two main categories of risk control? APhysical and Moral BPhysical and Financial CFinancial and Moral D Pre- and Post-loss Sample Question

17. In the context of risk management, what are the two main categories of risk control? APhysical and Moral BPhysical and Financial CFinancial and Moral D Pre- and Post-loss ANSWER : B Answer

18. The purpose of the Data Protection Act 1988 is to protect: Acomputer software developers from software pirates and hackers Bcomputer systems manufacturers against misuse of their products by third parties Cindividuals on whom data is held Dpublic companies which hold data concerning clients Sample Question

19. The purpose of the Data Protection Act 1988 is to protect: Acomputer software developers from software pirates and hackers Bcomputer systems manufacturers against misuse of their products by third parties Cindividuals on whom data is held Dpublic companies which hold data concerning clients ANSWER : C Answer

20. The role of the Motor Insurers’ Bureau of Ireland has been defined in a number of agreements. What important amendment was made to the Bureau’s role by the agreement effective 1 January 1989? AThe inclusion of third party property damage claims BUnlimited personal injury cover CInclusion of ‘hit and run’ situations DThe ability to recover from the government amounts paid under the terms of the agreement Sample Question

21. The role of the Motor Insurers’ Bureau of Ireland has been defined in a number of agreements. What important amendment was made to the Bureau’s role by the agreement effective 1 January 1989? AThe inclusion of third party property damage claims BUnlimited personal injury cover CInclusion of ‘hit and run’ situations DThe ability to recover from the government amounts paid under the terms of the agreement ANSWER : A Answer

22. Sample Question What scope of cover is usually provided by the ‘driving other vehicles’ extension of a comprehensive private motor insurance policy? AThird party personal injury only BThird party only CThird party, fire and theft only DComprehensive

23. Answer What scope of cover is usually provided by the ‘driving other vehicles’ extension of a comprehensive private motor insurance policy? AThird party personal injury only BThird party only CThird party, fire and theft only DComprehensive ANSWER: B

24. Sample Question A sports equipment section of a household policy covers: Aa pair of trainers used whilst playing golf Bgolf balls Ca golf trolley Da motorised golf cart

25. Answer A sports equipment section of a household policy covers: Aa pair of trainers used whilst playing golf Bgolf balls Ca golf trolley Da motorised golf cart ANSWER: C

26. Sample Question Which of the following is an exclusion usually found in a personal accident and sickness insurance policy? ACarelessness BOccupational accident CPre-existing physical defects DUnintentional self-inflicted injury

27. Answer Which of the following is an exclusion usually found in a personal accident and sickness insurance policy? ACarelessness BOccupational accident CPre-existing physical defects DUnintentional self-inflicted injury ANSWER: C

28. Sample Question Which of the following forms part of the standard cover provided by a Private Medical Insurance policy for treatment as an in-patient? AConvalescence fees and consultations BTransport costs to and from hospital CEmergency treatment following a motor accident DPre-existing conditions for which recent treatment has been given

29. Answer Which of the following forms part of the standard cover provided by a Private Medical Insurance policy for treatment as an in-patient? AConvalescence fees and consultations BTransport costs to and from hospital CEmergency treatment following a motor accident DPre-existing conditions for which recent treatment has been given ANSWER: A

30. Sample Question What is community rating in relation to Private Medical Insurance? ADiscrimination between sectors of the community to provide a range of rates according to age of entry BRating that is geographic in its nature treating different communities separately CA restriction placed upon insurers so that they do not discriminate by age between different proposers DInsurers cooperating together to provide consistent rates

31. Answer What is community rating in relation to Private Medical Insurance? ADiscrimination between sectors of the community to provide a range of rates according to age of entry BRating that is geographic in its nature treating different communities separately CA restriction placed upon insurers so that they do not discriminate by age between different proposers DInsurers cooperating together to provide consistent rates ANSWER: C

32. Sample Question Which of the following WOULD NOT be found in the definition of money under a standard money policy? ALottery tickets BLuncheon vouchers CPostage stamps DPostal orders

33. Answer Which of the following WOULD NOT be found in the definition of money under a standard money policy? ALottery tickets BLuncheon vouchers CPostage stamps DPostal orders ANSWER: A

34. Sample Question Credit insurance is designed to cover: A a buyer who is unable to pay debts Ba buyer who has resold goods purchased on credit Ca seller who cannot recover amounts owed by a buyer Da seller for the results of political and economic factors affecting credit provided

35. Answer Credit insurance is designed to cover: A a buyer who is unable to pay debts Ba buyer who has resold goods purchased on credit Ca seller who cannot recover amounts owed by a buyer Da seller for the results of political and economic factors affecting credit provided ANSWER: C

36. Sample Question A tree crashes through a bedroom window late on Christmas Eve. What is the earliest time that this can be reported to the claims helpline? AImmediately BSt. Stephen’s Day CAny time on the first day after the bank holiday DDuring office hours after the bank holiday

37. Answer A tree crashes through a bedroom window late on Christmas Eve. What is the earliest time that this can be reported to the claims helpline? AImmediately BSt. Stephen’s Day CAny time on the first day after the bank holiday DDuring office hours after the bank holiday ANSWER: A

38. Sample Question Which of the following types of insurance policy DO NOT provide telephone help-line and advice facilities? AHousehold contents BCaravan CPrivate motor DTravel

39. Answer Which of the following types of insurance policy DO NOT provide telephone help-line and advice facilities? AHousehold contents BCaravan CPrivate motor DTravel ANSWER: B

40. Sample Question An insurer quotes for a motor insurance risk. The quotation is accepted by the customer and premium paid. Prior to inception the insurer increases all of its rates. The insurer is: Aentitled to charge the new rate Bobliged to accept the old rate Cobliged to negotiate only a partial increase Dentitled to withdraw the old quote entirely

41. Answer An insurer quotes for a motor insurance risk. The quotation is accepted by the customer and premium paid. Prior to inception the insurer increases all of its rates. The insurer is: Aentitled to charge the new rate Bobliged to accept the old rate Cobliged to negotiate only a partial increase Dentitled to withdraw the old quote entirely ANSWER: B

42. Sample Question Which question would you expect to find in a personal accident insurance proposal form? ADetails of any cars owned BAges of children CProposer’s sporting activities DProposer’s occupation

43. Answer Which question would you expect to find in a personal accident insurance proposal form? ADetails of any cars owned BAges of children CProposer’s sporting activities DProposer’s occupation ANSWER: D

44. Sample Question A breach of a policy condition which is precedent to liability comes to light at the time a claim is made. How does this affect the policy and claim? AThe policy is rendered void from inception and no claim is responded to BThe policy is voidable by the insurers from the date of breach CThe insurer can repudiate the claim to which the breach relates DThe insurer is bound to respond to the claim but may void the policy thereafter

45. Answer A breach of a policy condition which is precedent to liability comes to light at the time a claim is made. How does this affect the policy and claim? AThe policy is rendered void from inception and no claim is responded to BThe policy is voidable by the insurers from the date of breach CThe insurer can repudiate the claim to which the breach relates DThe insurer is bound to respond to the claim but may void the policy thereafter ANSWER: C

46. Sample Question Which of the following is an effective means of controlling the cost of the claims operation, as distinct from individual claims costs, of a general insurer? AGreater use of review processes BIncreased use of Information Technology CIncreased supervision of staff DIncreased training

47. Answer Which of the following is an effective means of controlling the cost of the claims operation, as distinct from individual claims costs, of a general insurer? AGreater use of review processes BIncreased use of Information Technology CIncreased supervision of staff DIncreased training ANSWER: B

48. Sample Question Once an insurer has admitted liability under a policy any dispute over the amount is determined by: Aan arbitrator Ban ombudsman Ca loss adjuster Da loss assessor

49. Answer Once an insurer has admitted liability under a policy any dispute over the amount is determined by: Aan arbitrator Ban ombudsman Ca loss adjuster Da loss assessor ANSWER: A

50. Sample Question Under the terms of the Motor Insurers Bureau of Ireland (MIBI) Agreement 2004 which of the following was an additional requirement that must be met by claimants? AThe claimant must report the claim to the Gardaí within 2 days BThe claimant must make a statutory declaration about the truth of statements CThe claimant must appoint a solicitor to act for them DThe claimant must pay the legal costs

51. Answer Under the terms of the Motor Insurers Bureau of Ireland (MIBI) Agreement 2004 which of the following was an additional requirement that must be met by claimants? AThe claimant must report the claim to the Gardaí within 2 days BThe claimant must make a statutory declaration about the truth of statements CThe claimant must appoint a solicitor to act for them DThe claimant must pay the legal costs ANSWER: A

52. Sample Question Under a business interruption policy, the indemnity period is the period of time: Afor which the policy must be in force before a claim can be considered Bfor which the policy pays out in respect of a claim Cit takes for the insurer to settle a claim Dthat must elapse between separate losses in order that a claim can be considered

53. Answer Under a business interruption policy, the indemnity period is the period of time: Afor which the policy must be in force before a claim can be considered Bfor which the policy pays out in respect of a claim Cit takes for the insurer to settle a claim Dthat must elapse between separate losses in order that a claim can be considered ANSWER: B

54. Sample Question Mr O’Grady is injured when he opens a defective tin of paint, which explodes in his face. He submits a claim to the manufacturer. Under which type of cover will this claim be considered? APersonal accident BProducts liability CProfessional indemnity DPublic liability

55. Answer Mr O’Grady is injured when he opens a defective tin of paint, which explodes in his face. He submits a claim to the manufacturer. Under which type of cover will this claim be considered? APersonal accident BProducts liability CProfessional indemnity DPublic liability ANSWER : B

56. Sample Question A broker approaches a fire insurer to quote on a large manufacturing plant. Which of the following documents will normally be provided? ALoss assessor’s report BFire Certificate CPresentation prepared by the broker DTitle deeds of the premises

57. Answer A broker approaches a fire insurer to quote on a large manufacturing plant. Which of the following documents will normally be provided? ALoss assessor’s report BFire Certificate CPresentation prepared by the broker DTitle deeds of the premises ANSWER: C

58. Sample Question A policy is subject to a premium clause stating ‘€50,000 minimum and deposit premium adjustable on expiry at 10% of actual turnover’, the turnover being €600,000. What is the total premium due for that policy period? A€10,000 B€50,000 C€60,000 D€110,000

59. Answer A policy is subject to a premium clause stating ‘€50,000 minimum and deposit premium adjustable on expiry at 10% of actual turnover’, the turnover being €600,000. What is the total premium due for that policy period? A€10,000 B€50,000 C€60,000 D€110,000 ANSWER: C

60. Sample Question Which of the following is LEAST LIKELY to be included in a commercial package? ABusiness interruption BMotor insurance CGoods in transit DLegal expenses

61. Answer Which of the following is LEAST LIKELY to be included in a commercial package? ABusiness interruption BMotor insurance CGoods in transit DLegal expenses ANSWER: B