Question 1
Which of these is the main purpose of insurance for a policyholder?
Correct Answer:
To transfer the financial consequences of a risk to an insurer
Question 2
A private motor policy that covers the insured for third-party injury, third-party property damage, fire and theft, but NOT accidental damage to the insured's own car, is known as:
Correct Answer:
Third party, fire and theft
Question 3
Which type of insurance is COMPULSORY by law for most employers in Great Britain?
Correct Answer:
Employers' liability insurance
Question 4
A household buildings policy typically covers damage to:
Correct Answer:
The permanent structure of the home and fixtures such as fitted kitchens
Question 5
Professional indemnity insurance is designed to protect a business against:
Correct Answer:
Legal liability arising from negligent professional advice or services
Question 1
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About this Exam

Prepare with the CII IF2 Practice Questions - CII IF2 General Insurance Business Exam practice quiz. This question bank includes 100 questions covering policy, insurance, insurer, insured, and premium. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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CII IF2 Practice Questions - CII IF2 General Insurance Business Exam

This practice set contains 100 questions from the matching question bank and focuses on policy, insurance, insurer, insured, and premium. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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