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grace harris
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Decks in this class (46)
C1 - A
What is a subscription market,
Reasons why an insurer may not ta...,
Capacity reason to not take on 10...
27
cards
C1 -B
International nature of the londo...,
Source of risks,
Interna international licencestio...
5
cards
C1 - C
Qualities of the london market th...,
Quality of brokers,
Reputation
10
cards
CHAPTER 2 - A
What does agricultural crop and f...,
What is a typical claim in agricu...,
What is bloodstock insurance
113
cards
CHAPTER 2 - B
What types of aircraft can be ins...,
What does physical damage insuran...,
What happens if an aircraft is mi...
30
cards
CHAPTER 2 - C
What are the main marine classes ...,
What types of objects can be insu...,
What is the coverage provided und...
52
cards
CHAPTER 2 - D
What is the primary type of insur...,
What are the two categories of uk...,
How is overseas motor insurance c...
9
cards
CHAPTER 2 - E
What is the definition of portfol...,
What should insurers communicate ...,
What is the difference between sh...
11
cards
C3 - A
What is reinsurance,
Why do insurers buy reinsurance,
What is risk transfer in reinsurance
11
cards
C3 - B
What does the term facultative im...,
What is the primary purpose of fa...,
How does facultative reinsurance ...
82
cards
C3 - C
What is the primary goal of const...,
What should an insurer first cons...
19
cards
CHAPTER 4 - A
Solvency definition,
Solvency margin,
Basic accounting concepts
8
cards
CHAPTER 4 - B
Solvency ii,
Main aim of solvency ii,
Three pillars of solvency ii
12
cards
CHAPTER 4 - C
Lloyd s chain of security,
Links in the lloyd s chain of sec...,
Members funds atlloyd s fal
4
cards
CHAPTER 4 - D
How does a buyer ascertain which ...,
They could pore throughvarious co...,
Rating agencies
4
cards
C5 - A
Those who are required to purchas...,
Private individuals,
Professions and businesses
11
cards
C5 - B
What are the two key pieces of in...,
What does the consumer rights act...,
What is the definition of an unfa...
20
cards
C5 - C
Main taxes imposed by the uk gove...,
The standard rate,
The higher rate
5
cards
C5 - D
Senior managers and certification...,
Sm cr firms are required to do what,
Bank of england and financialserv...
18
cards
CHAPTER 6 - A
What is the law of agency in the ...,
Can a broker have multiple princi...,
What is meant by chinese walls or...
8
cards
CHAPTER 6 - B
What are middle men or intermedia...,
Wholesale broker,
Retail broker
11
cards
CHAPTER 6 - C
What are the key roles of a broke...,
What is the first step a broker m...,
What is the purpose of the market...
33
cards
Chapter 6 - D
What are terms of business agreem...,
Who does a broker have tobas with,
Is there a standard template for ...
27
cards
chapter 6 - E
What is broker remuneration,
What are the two payment methods ...,
Who pays the flat fee to the broker
14
cards
Chapter 6 - F
What directive replaced the insur...,
What is the broader term used in ...,
Who does the idd apply to
34
cards
chapter 7 - A
What is the london market known as,
What does capacity refer to in th...,
Why might an insurer take less th...
24
cards
Chapter 7 - B
What is one of the main reasons f...,
Who is responsible for analyzing ...,
What do rating agencies provide f...
29
cards
Chapter 7 - C
What happens when one trader is t...,
What occurs when other traders en...,
What strategy does a trader use w...
13
cards
Chapter 7 - D
What is the primary purpose of lo...,
What does exposure modelling analyze,
What is the starting point for an...
19
cards
Chapter 7 - E
What does the premium that an ins...,
What two factors are used to meas...,
What is the law of large numbers ...
20
cards
Chapter 7 - F
What does reserving mean in the c...,
How do insurers reserve for claims,
What is the difference between in...
16
cards
Chapter 7 - G
What is reinsurance to close ritc,
What is the purpose of reviewing ...,
How long does lloyd s syndicates ...
13
cards
Chapter 8 - A
What is a quotation in the contex...,
Why is obtaining multiple quotati...,
What are aggregators in the insur...
29
cards
Chapter 8 - B
In which classes of business are ...,
Why is yacht insurance treated as...,
Who completes the proposal form
55
cards
chapter 8 - C
What is the purpose of a mrc in t...,
What does a policy document typic...
23
cards
CHAPTER 8 - D
What are service companies in the...,
What is a key reason that syndica...,
What is the advantage of the lloy...
9
cards
CHAPTER 8 - E
What is contract certainty,
What historical issue did the lon...
21
cards
CHAPTER 9 - A
What parties can delegate their a...,
To which parties can underwriting...,
What is a consortium in the conte...
15
cards
CHAPTER 9 - B
What should every insurance compa...,
What is the role of lloyd s in de...,
Why might an insurer want to dele...
23
cards
CHAPTER 9 - C
What are the fundamental responsi...,
What does principle 1 regarding u...,
What does principle 4 regarding c...
16
cards
CHAPTER 9 - D
What is the general meaning of ou...,
In insurance which term is used w...,
What term is used for activities ...
12
cards
CHAPTER 10 - A
What is often referred to as the ...,
What is the primary impression le...,
What role does the claims team pl...
24
cards
chapter 10 - B
What is the role of the broker in...,
What is meant by first advice in ...,
What ongoing responsibilities doe...
13
cards
CHAPTER 10 - C
What must a broker do once notifi...,
How does a broker submit informat...,
What should an insurer consider r...
54
cards
CHAPTER 10 - D
What does icobs stand for,
What are the four requirements fo...,
Under icobs 812 when is a rejecti...
15
cards
CHAPTER 10 - E
What is the purpose of the financ...,
What must all authorized firms ha...,
What types of complainants are co...
17
cards
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LM2
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