Thank you for your interests in our service. You may enjoy IIQE Paper 1 preview below. The preview questions have not been updated and only to demonstrate the examination format. Our full access version comes with key study materials and is frequently updated from time to time.
0 of 10 questions completed
Questions:
IIQE Paper 1 English Free Trial
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
0 of 10 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
How Shall insurance intermediaries be aware of insurance companies?
I. By getting information of their infrastructure
II. By getting information on statistics of company staff
III. By getting information of their various departments and personnel behind the marketing process
IV. By getting information of company’s personal data
Whilst an insurance intermediary is unlikely to have close contact with the internal organisation of insurance companies, it is good to understand something of their infrastructure and to be aware of the various departments and personnel behind the marketing process
Whilst an insurance intermediary is unlikely to have close contact with the internal organisation of insurance companies, it is good to understand something of their infrastructure and to be aware of the various departments and personnel behind the marketing process
What are the TWO offenses under UNTAMO?
I. to make any property or financial services available for the benefit of Insurance Agent
II. collect property or solicit financial (or related) services for the benefit of a terrorist
III. to make any property or financial services available to or for the benefit of a terrorist
IV. to kill insurance agent & broker without any cause
It is an offence under the UNATMO for any person to make any property or financial services available, by any means, directly or indirectly, to or for the benefit of a terrorist or terrorist associate except under the authority of a licence granted by S for S. It is also an offence for any person to collect property or solicit financial (or related) services, by any means, directly or indirectly, for the benefit of a terrorist or terrorist associate.
It is an offence under the UNATMO for any person to make any property or financial services available, by any means, directly or indirectly, to or for the benefit of a terrorist or terrorist associate except under the authority of a licence granted by S for S. It is also an offence for any person to collect property or solicit financial (or related) services, by any means, directly or indirectly, for the benefit of a terrorist or terrorist associate.
With the assignment of the insurance contract, both the assignor and the assignee need to have:
I. identity verification documents
II. insurable authority in the subject matter of insurance
III.insurable interest in the subject matter of insurance
IV. a legal document to verify possible risks
With assignment of the insurance contract, both the assignor and the assignee need to have insurable interest in the subject matter of insurance at the time of assignment; otherwise the purported assignment will not be valid.
With assignment of the insurance contract, both the assignor and the assignee need to have insurable interest in the subject matter of insurance at the time of assignment; otherwise the purported assignment will not be valid.
Select TWO important areas of advertising:
I. Selection of international marketing agencies
II. the extent to which TV or other media are to be involved
III. co-ordination of advertising campaign
IV. A Market survey
Advertising: closely interconnected with the above, this enormously important area includes:
(i) selection of external agencies (if used);
(ii) the extent to which TV or other media are to be involved;
(iii) co-ordination of advertising campaigns;
(iv) expenditure analysis and control.
Advertising: closely interconnected with the above, this enormously important area includes:
(i) selection of external agencies (if used);
(ii) the extent to which TV or other media are to be involved;
(iii) co-ordination of advertising campaigns;
(iv) expenditure analysis and control.
What is the accurate way to measure the attainment of the procedures?
I. Increasing Complaints
II. Regular audits
III. Conducting surveys
IV. Calculating registrations
Monitoring and Audit Monitoring and Audit
‧ Effective procedures should be set up to monitor complaints and to make regular reports for senior management’s review.
‧ To measure the attainment of the procedures, regular audits should be conducted by competent and independent staff. Based on the results of the audits, improvements to the procedures, where necessary, should be made by competent staff.
Monitoring and Audit Monitoring and Audit
‧ Effective procedures should be set up to monitor complaints and to make regular reports for senior management’s review.
‧ To measure the attainment of the procedures, regular audits should be conducted by competent and independent staff. Based on the results of the audits, improvements to the procedures, where necessary, should be made by competent staff.
What are the traits of an Actuary?
I. He has a strong financial background
II. He is an expert in predicting future trends based on available data
III. He keeps himself healthy & fit
IV. He is a highly skilled biologist
An actuary may be thought of as a highly skilled mathematician. His particular expertise is not only in the collation and presentation of numerical information, but also in projecting and predicting future trends, based on available data and assumptions. It will immediately be understood, therefore, that such an expert has a very important role to play in insurance.
An actuary may be thought of as a highly skilled mathematician. His particular expertise is not only in the collation and presentation of numerical information, but also in projecting and predicting future trends, based on available data and assumptions. It will immediately be understood, therefore, that such an expert has a very important role to play in insurance.
Identify TWO dishonest claims among them:
I. a cheap watch stolen and saying that it was an expensive one
II. a car met a serious accident & car was poorly damaged
III. to elaborate swindles involving arson or faked death certificates
IV. a building was on fire & everything was burnt
Insurance fraud may take any of a large number of forms. Usually, we tend to associate the term with dishonest claims, from relatively ‘small’ matters, such as having a cheap watch stolen and saying that it was an expensive one, to elaborate swindles involving arson or faked death certificates. There have even been examples of large life insurance being arranged and then having the person concerned murdered for the insurance money.
Insurance fraud may take any of a large number of forms. Usually, we tend to associate the term with dishonest claims, from relatively ‘small’ matters, such as having a cheap watch stolen and saying that it was an expensive one, to elaborate swindles involving arson or faked death certificates. There have even been examples of large life insurance being arranged and then having the person concerned murdered for the insurance money.
Select TWO types of defense for any person charged with any of the offenses according to Insurance Ordinance:
I. The disclosure was not required but he still disclosed on any personal bias
II. The disclosure was required or authorised by or under any enactment, by any rule of law or by an order of a court
III. He disclosed the personal data for the purpose of affecting his personal relationships
IV. He disclosed the personal data for the purposes of a prescribed news activity or a directly related activity
Defence: The Ordinance provides the following defence to any person charged with any of the offences:
(1) he reasonably believed that the disclosure was necessary for the purpose of preventing or detecting crime; (2) the disclosure was required or authorised by or under any enactment, by any rule of law or by an order of a court; (3) he reasonably believed that the data user had consented to the disclosure; or (4) he disclosed the personal data for the purposes of a prescribed news activity or a directly related activity; and had reasonable grounds to believe that the publishing or broadcasting of the personal data was in the interest of the public
Defence: The Ordinance provides the following defence to any person charged with any of the offences:
(1) he reasonably believed that the disclosure was necessary for the purpose of preventing or detecting crime; (2) the disclosure was required or authorised by or under any enactment, by any rule of law or by an order of a court; (3) he reasonably believed that the data user had consented to the disclosure; or (4) he disclosed the personal data for the purposes of a prescribed news activity or a directly related activity; and had reasonable grounds to believe that the publishing or broadcasting of the personal data was in the interest of the public
Select one restriction among them as highlighted under a rateable proportion clause?
I. Insurance agent & broker liability to its rateable share of the loss
II. insurer’s liability to its rateable share of the profit
III. insurer’s liability to its rateable share of the loss
IV. insurer’s liability to its rateable share of the rules & regulation of insurance
Rateable Proportion Clause (or Contribution Condition), restricting the insurer’s liability to its rateable share of the loss. The effect is that, where there is double insurance and each of the relevant policies contains such a clause, the insured could no longer claim all of his loss from one insurer alone.
Rateable Proportion Clause (or Contribution Condition), restricting the insurer’s liability to its rateable share of the loss. The effect is that, where there is double insurance and each of the relevant policies contains such a clause, the insured could no longer claim all of his loss from one insurer alone.
Select TWO important areas of advertising:
I. Selection of international marketing agencies
II. the extent to which TV or other media are to be involved
III. co-ordination of advertising campaign
IV. A Market survey
Advertising: closely interconnected with the above, this enormously important area includes:
(i) selection of external agencies (if used);
(ii) the extent to which TV or other media are to be involved;
(iii) co-ordination of advertising campaigns;
(iv) expenditure analysis and control.
Advertising: closely interconnected with the above, this enormously important area includes:
(i) selection of external agencies (if used);
(ii) the extent to which TV or other media are to be involved;
(iii) co-ordination of advertising campaigns;
(iv) expenditure analysis and control.
We are currently hiring Exam Content Specialist, Software Developer, Mobile App Developer, Customer Support Officer, and Account Manager
IIQEDataBase is an Equal Opportunity Employer – LGBT / Religious / Minority / Women / Disability / Veteran / Gender Identity / Sexual Orientation / Elderly.
General Inquiries
Dedicated Support
