Mock Flashcards
(40 cards)
The process of analysing and evaluating liability risks is
Parry quantitative and partly subjective
What is a loss control surveyors primary purpose
Assist the underwriter in understanding the risk
What method will show latency exposure in a claims record
Triangulation method
The operative clause trigger with the longest latency exposure is
Causation
Severity losses usually comprise of
Large injury claims involving significant continuing disability
Which section of the policy allows claims brought in from other countries
Law applicable to the claim
The health and safety executive can introduce
Approved codes of practice, guidance notes and regulations
The health and safety executive can introduce
Approved codes of practice, guidance notes and regulations
Why may an EL underwriter be concerned about nano technology
It may lead to an asbestos type exposure
Longest latency exposure trigger
Causation
Longest latency exposure trigger
Causation
Law applicable to the claim
Section that insurer is exposed to claims from another country
When would employer be liable for employee mental health
When the employer knew of and failed to ALLEVIATE work factors
Nano technology risk
May lead to asbestos type illness
EL for workforce in 1 building
Primary policy and an excess layer policy
Health and safety poster requirement
Health and safety info for employees regulations 2009
EL rated on
Aggregation, limit of indemnity and trade risk only
Public and products covers
Nuisance
Manufacturer would have breached the when defective under the
General product safety regulations 2005
Higgs report
50% of the board
Which type of director is formally appointed to the office
A de jure director
Companies act 2006
Codifies directors duties and made them more objective
Professionals owe a duty of care under
Common law, contract and tort only
Fidelity policy
Cover financial consequences for a directors dishonesty
