Principles of Insurance

1 Slide • 6 Questions

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

Principles of Insurance_ Unit 1

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