UBM588 - Quiz Chapter 7 (A) KBA2433C

'Used by the insurer to indicate that the repair had been completed and that the insurer could pay the garage’s account.'

This is about -

• Claim Form

• Discharge Voucher (DV)

• Completion / Satisfaction Note

'Means of recording on policy document alterations to its terms and conditions during its currency or to vary or extend the printed wording at the time of issue.'

This statement is about -

• Cover Note

• Endorsement

• Claim Form

'It is an acknowledgement by the person legally entitled to receive the payment from the policy that the sum payable is in full satisfaction of all claims at law which he may have under the policy.'

This statement is about -

• Claim Form

• Discharge Voucher

• Completion / Satisfaction Note

'The standards type of form is likely to produce the required information more speedily.'

This is about -

• Offer

• Convenience

• Advertising

'This clause is basically the introduction to the contract. It recites the circumstances in which the policy will operate.'

This statement is included in the structure of scheduled policy. It is about -

• The Heading

• The Preamble (or Recital Clause)

• The Operative Clause

____ form for some classes of insurance seek information regarding any action taken by the insured to recover from other parties responsible, as well as the reporting of the loss to the insurance company.

• Proposal

• Policy

• Claim

A document which is drafted by the insurer containing questions designed to elicit material information about the particular risk proposed for insurance. This is about -

• Proposal Form

• Policy Form

• Cover Note

A ____ of insurance is normally issued when insurance is compulsory.

• purpose

• certificate

• renewal notice

'If previous insurer(s) declined or refused to renew, details of their experience would be important for making underwriting decision.'

This is about -

• Insurance History

• Loss History

• Subject matter of insurance

'A document issued in advance of the policy because it may take some time before the policy is issued.'

This statement is about -

• Policy Form

• Cover Note

• Renewal Notice