Question 1
Which of the following best describes a 'pure risk' as used in insurance?
Correct Answer:
A risk where there is a chance of loss or no loss, but no chance of gain
Question 2
Insurance works mainly on the basis of which financial mechanism?
Correct Answer:
Pooling of similar risks contributed by many policyholders
Question 3
Which term describes the cause or condition that may give rise to a loss, such as fire, theft or flood?
Correct Answer:
Peril
Question 4
A building with old, faulty electrical wiring is an example of which type of hazard?
Correct Answer:
Physical hazard
Question 5
Which of the following is generally NOT one of the characteristics that make a risk insurable?
Correct Answer:
The loss must be certain to happen at a known time
Question 1
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About this Exam

Prepare with the IIQE (HK) Practice Questions - Insurance Intermediaries Qualifying Examination (Paper 1 & Paper 2) Exam practice quiz. This question bank includes 100 questions covering insurance, policy, risk, insured, and hong. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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IIQE (HK) Practice Questions - Insurance Intermediaries Qualifying Examination (Paper 1 & Paper 2) Exam

This practice set contains 100 questions from the matching question bank and focuses on insurance, policy, risk, insured, and hong. 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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