Principles of Insurance_ Unit 1

Principles of Insurance_ Unit 1

Multiple Choice

Which of the following is NOT a type of intermediaries.

• Insurance Broker

• Insurance Agent

• Insurance Company

• Reinsurance Broker

Multiple Choice

Which one of the following is an example of personal general insurance?

• Plant and Machinery insurance

• Business Liability insurance

• Commercial Motor insurance

• Household Contents insurance

Multiple Select

An insurance agent can represent one or more insurance firms.

• True

• False

Multiple Choice

How much paid -up capital must an applicant who is registered with ACRA have as a requirement of the threshold conditions?

• $10,000

• $25,000

• $30,000

• $50,000

Multiple Choice

An agent should preserve confidentiality of information received from a client.

• True

• False

Multiple Select

Who is NOT a TSA?

• Teacher

• Car dealer

• Maid agency agent

• Travel agent