Introduction to General Insurance Underwriting

Subject Content

Activity: Review questions

Select the appropriate responses to the following questions.

A basis of settlement clause in a policy:

Which of the following best describes the purpose of the operative clause in a policy?

Categorise the following description as either an exclusion or a condition.

This insured event does not insure destruction or damage by burglary or theft except for such destruction or damage caused to a building when the building is owned by you but not occupied by you.

Categorise the following description as either an exclusion or a condition.

Hazardous goods usual to trade and/or business are allowed to be stored in quantities and manner as permitted by statutory obligations, by-laws, regulations, public authority and safety requirements.