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The IF1 exam is recognized globally as a benchmark of excellence in the insurance industry. It is designed to equip individuals with the knowledge and skills necessary to understand the complex legal and regulatory requirements of the insurance industry, and to apply this knowledge in practical situations. Successful completion of the IF1 exam demonstrates a commitment to professionalism, competence, and ethics, and is highly valued by employers in the insurance industry.
NEW QUESTION # 37
Julie has cancelled her trip to tlaly as she has broken her leg. Which type of insurance policy is specifically designed to compensate Julie for any cancellation charges she has incurred?
Answer: A
NEW QUESTION # 38
When an insurer is aware that the total value of stock is more than the sum insured and issues a policy on this basis, this is known as
Answer: C
NEW QUESTION # 39
Which general rule does the Contracts (Rights of Third Parties) Act 1999 seek to modify?
Answer: C
NEW QUESTION # 40
How is Insurance Premium Tax collected within the UK?
Answer: A
NEW QUESTION # 41
The requirement 10 notify the fitting of a more powerful engine under a motor insurance policy is an example of a policy wording modifying the principle of
Answer: A
NEW QUESTION # 42
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