Question 1
Which principle of insurance requires both the insurer and the insured to disclose all material facts honestly when a travel policy is arranged?
Correct Answer:
Utmost good faith (uberrimae fidei)
Question 2
A traveller buys insurance for a friend's holiday with which she has no financial connection. Which insurance principle is most likely NOT satisfied?
Correct Answer:
Insurable interest
Question 3
Under the principle of indemnity, what is the purpose of an insurance payout for a baggage claim?
Correct Answer:
To restore the insured to the same financial position they were in immediately before the loss
Question 4
An insurer pays a traveller's medical bill after she is injured by a negligent driver overseas, then pursues the driver to recover the amount. Which principle allows the insurer to do this?
Correct Answer:
Subrogation
Question 5
A traveller holds two travel policies that both cover lost baggage. After a loss, both insurers share the claim in proportion to their cover. Which principle is being applied?
Correct Answer:
Contribution
Question 1
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About this Exam

Prepare with the IIQE Paper 6 Practice Questions - IIQE Paper VI - Travel Insurance Agents Examination Exam practice quiz. This question bank includes 100 questions covering travel, insurance, policy, cover, and insured. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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IIQE Paper 6 Practice Questions - IIQE Paper VI - Travel Insurance Agents Examination Exam

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