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Worksheets

Mini Fleet

Total questions: 47

Worksheet time: 24mins

Name
Class
Date
1.

How many vehicles can be on a new policy?

a)

2-6

b)

2-8

c)

3-7

d)

3-8

2.

How many vehicles can be added on MTA'S during the policy?

a)

Up to 20 Vehicles

b)

20 additional vehicles

c)

Unlimited vehicles

d)

only at renewal

3.

What name should be on the insurance?

a)

One company name

b)

Joint name of 2 or more companies in same group

c)

Parent company and names of subsidiary companies

d)

Directors name

4.

What vehicles are applicable to this policy?

a)

Car's

b)

Light Commercial vehicles over 18 Tonne

c)

Light commercial vehicles under 18 Tonne

d)

Special types on accommodation(3rd party only cover)

e)

Kit cars

5.

What does MIB stand for?

a)

Motor Insurance Badge

b)

Motor Insurance Break

c)

Motor Insurance Bureau

d)

Motor Insurance Bed

6.

What does MID stand for

a)

Motor Insurance Database

b)

Motor Insurance Data

c)

Motor Insurance Denial

d)

Motor Insurance Duration

7.

What does SORN stand for?

a)

Stop On Road Now

b)

Statutory Off Road Notice

c)

Statutory Off Road Notification

d)

Statutory Over Road Nun

8.

What does NCD stand for?

a)

No Claims Discount

b)

No Crash Duration

c)

No Cash Demands

d)

Nice Car Demonstration

9.

What does CCE stand for?

a)

Confirmed Claims Experience

b)

Concussion Caused El-football

c)

Confirmed confidence explanation

d)

Confirmed Claims Exceptions

10.

What does SDP stand for?

a)

Small domestic purposes

b)

Semi- diesel powered

c)

Social, Domestic, Pleasure

11.

What is the prefix for Mini Fleet?

a)

BB

b)

LX

c)

RX

d)

CA

12.

How is Mini Fleet rated?

a)

NCD

b)

Fleet Rated

c)

Individually rated

d)

Large variables risk

13.

Which of the following is a decline?

a)

Premium Vehicles

b)

Range Rover

c)

Limousine

d)

Burger Van

e)

breakdown recovery vehicle

14.

What is the maximum amount of seats we will accept?

a)

9

b)

7

c)

5

d)

8

15.

What is a DR10?

a)

Driving with no insurance

b)

Driving over legal limit

c)

Driving without a licence

16.

What is a IN10?

a)

Driving without insurance

b)

speeding

c)

driving over legal limit

17.

What is a SP30?

a)

Speeding on a highway

b)

Speeding

c)

Drink driving

18.

What is a sp50?

a)

speeding

b)

speeding on a highway

c)

driving without insurance

d)

driving whilst intoxicated

19.

What is the excess for a Young driver?

a)

+ £250

b)

+ £175

c)

+£200

20.

What is the Excess for a driver with <1 years driving experience?

a)

+£250

b)

+£175

c)

+£200

21.

Select the acceptable trades

a)

Property Services, Builders Merchant, Computer Programming, Accountancy

b)

Brewery , Bakery , Bureau DE-change, Musicians, Charity

c)

Demolition, Parcel delivery, Scrap metal merchant, football club professional.

22.

Select the Refer trades

a)

Property Services, Builders Merchant, Computer Programming, Accountancy

b)

Brewery , Bakery , Bureau DE-change, Musicians, Charity

c)

Demolition, Parcel delivery, Scrap metal merchant, football club professional.

23.

Select the Decline trades

a)

Property Services, Builders Merchant, Computer Programming, Accountancy

b)

Brewery , Bakery , Bureau DE-change, Musicians, Charity

c)

Demolition, Parcel delivery, Scrap metal merchant, football club professional.

24.

What are the Territorial limits for taking out a policy?

a)

United Kingdom, EU, Iceland, Norway, Switzerland

b)

United Kingdom, EU, Iceland, Norway, Switzerland, Chanel Islands

c)

United Kingdom, EU, Iceland, Norway, Chanel Islands

25.

What are the policy Parameters

a)

20% High appetite, 40% Medium appetite, 20% Low appetite

b)

60% High appetite, 40% Medium appetite, 20% Low appetite

c)

80% High appetite, 20% Medium appetite, 10% Low appetite

d)

60% High appetite, 40% Medium appetite, 30% Low appetite

26.

What is shown on a Specified certificate?

a)

Confirms insurance in place

b)

Confirms driver experience

c)

Specific cars and registration numbers

27.

What is shown on a Blanket certificate?

a)

All individual cars

b)

Cover for any vehicle in control of the insured(They update as and when needed)

c)

Any vehicle

28.

What is the usage the policy includes(unless excluded for specific drivers)?

a)

Carriage of own goods, in use of business + S&DP

b)

Carriage of own goods,in use of business + S&DP, Hire + Reward

c)

Carriage of own goods, in use of business

29.

Mini fleet is an as and when policy, what must be completed for cover to be valid when making adjustments?

a)

Quote must be made, Premium paid

b)

Quote must be made

c)

We must be informed of a change

30.

What is the rating?

a)

3 years claim Experience - CCE rated or NCD rated

b)

3 years claim Experience - CCE rated

c)

3 years claim Experience - NCD rated

d)

3 years established business - CCE rated or NCD rated

31.

What is the default driver basis?

a)

any driver 21

b)

any driver 25

c)

any driver 30

32.

What excess is applicable to third party only claims?

a)

£200

b)

£250

c)

£175

d)

£0

33.

What is considered a high frequency of claims?

a)

>20%

b)

<20%

c)

<50%

34.

What limits are mandatory under the road traffic act 1988?

a)

£20,000,000 in respect of a private car

b)

£10,000,000 in respect of any other vehicle

c)

£1,250,000 in respect of any vehicle carrying hazardous goods

d)

£20,000,000 in respect of any other vehicle

e)

Indemnity for death or injury to a person is unlimited

35.

What are the medical expenses limits?

a)

£250 per person

b)

£1000 per claims cause

c)

£200 per person

d)

£10000 per claims cause

36.

What is the limits/excess for personal belongings?

a)

£500 + £50 excess

b)

£5000 + £50 excess

c)

£100 + £25 excess

d)

£300 + £50 excess

37.

What is the limit/excess for in vehicle safety tech?

a)

£250 Maximum - £50 Excess

b)

£350 Maximum - £50 Excess

c)

£450 Maximum - £50 Excess

d)

£500 Maximum - £50 Excess

38.

What is the cover for child seats?

a)

£150 max cover - £50 Excess

b)

£250 max cover - £50 Excess

c)

£350 max cover - £50 Excess

d)

£450 max cover - £50 Excess

39.

What amount is covered for personal accident?

a)

£10,000 - Loss of eye, sight, limb, death

b)

£1,000 - Loss of eye, sight, limb, death

c)

£100,000 - Loss of eye, sight, limb, death

d)

£20,000 - Loss of eye, sight, limb, death

40.

What are the trading protocols?

a)

Includes compulsory motor insurance requirements to country they drive into (which is covered under the policy)

b)

Third party only

c)

Cover is extended to all countries in the EU

41.

What is the Standard commission?

a)

12.5

b)

17.5

c)

20

d)

20.5

42.

What will commission refer ?

a)

12.5

b)

17.5

c)

20

d)

20.5

43.

What does ACPC mean?

a)

Average cost per claim

b)

Average car per client

c)

Annual Cost per car

d)

Annual cost per client

44.

What does ACPVY mean?

a)

Average cost per vehicle year

b)

Average client per vehicle year

c)

Average Claim per vehicle year

45.

How do you calculate average cost per claim?

a)

sum of claims / no of claims

b)

no of claims / sum of claims

c)

total of claims / vehicle years x100

46.

How do you calculate claims frequency?

a)

Sum of claims / No of claims

b)

Total claims cost/ Vehicle years

c)

Total Number of claims/ Total vehicle years x100

47.

How do you calculate average cost per claim?

a)

Sum of claims / No of claims

b)

Total claims cost/ Vehicle years

c)

Total Number of claims/ Total vehicle years x100