Sara searches on a comparison website for car insurance. She selects the cheapest quotation and pays by credit card

for immediate cover. This is known as

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

John has a whole of life policy and has recently been diagnosed with cancer. When, if at all. must he disclose this to his insurer?

John and his wife arrange a household contents insurance policy in joint names with insurer A for a sum insured of £10,000. His wife arranges a second policy on the same basis with insurer B for a sum insured of £20,000. Both policies have identical terms and conditions. What is insurer A ' s liability if a valid claim of £3,000 is subsequently made?

Michael, an insurance company employee, strongly suspects that a recent transaction involved money laundering but decides NOT to report his suspicions to anyone. How is this treated under the current Money Laundering Regulations?

Why is effective risk management important to an insurer?

A survey of a car repairers reveals a spray booth exists by an unguarded paraffin space beater. Also, a day ' s supply of paint is kept within the building and waste is removed daily from a metal bin. What will the underwriter perceive as the main physical hazard?

When a member of the Chartered Insurance Institute (CM) is dealing with a client, what specific guidance does the Code of Ethics give in relation to the member ' s knowledge and expertise?

Which general rule does the Contracts (Rights of Third Parties) Act 1999 seek to modify?

For which professional is professional indemnity insurance compulsory by statute?