insurance
Sample Questions
THE CHARTERED INSURANCE INSTITUTE
IC-33
Pre-recruitment qualification for life agents Pre-recruitment qualification for life agents
These are the key topics that will be assessed during the examination and therefore may not reflect all of the content from the study text, which contains additional background and reading material to aid learning.
Summary of learning outcomes
Number of questions in the examination*
1. Understand how the insurance market operates
3
2. Understand risk and insurance in the context of the insurance market
3
3. Understand the principles and practices of life insurance
9
4. Understand underwriting for life insurance business
4
5. Understand basic life insurance products
2
6. Understand savings products
5
7. Understand other key financial products
4
8. Understand the key considerations when identifying client’s needs
3
9. Understand the importance of completing a client fact find as part of the financial planning process
2
10. Understand what constitutes good client practice and persistency
4
11. Understand insurance procedures for life insurance claims
4
12. Understand how relevant legislation affects client advice
1
13. Understand how insurance regulation affects client advice
2
14. Understand the importance of and the process in place for customer protection 2
15. Understand the ethical considerations of a financial adviser
2
* he test specification has an in-built element of flexibility. It is designed to be used as a guide for study and is not a
T
statement of actual number of questions that will appear in every exam. However, the number of questions testing each learning outcome will generally be within the range of plus or minus 2 of the number indicated.
Important notes
• Method of assessment: 50 multiple choice questions (MCQs). 1 hour is allowed for this examination.
•
THE CHARTERED INSURANCE INSTITUTE
IC-33
Pre-recruitment qualification for life agents Pre-recruitment qualification for life agents
These are the key topics that will be assessed during the examination and therefore may not reflect all of the content from the study text, which contains additional background and reading material to aid learning.
Summary of learning outcomes
Number of questions in the examination*
1. Understand how the insurance market operates
3
2. Understand risk and insurance in the context of the insurance market
3
3. Understand the principles and practices of life insurance
9
4. Understand underwriting for life insurance business
4
5. Understand basic life insurance products
2
6. Understand savings products
5
7. Understand other key financial products
4
8. Understand the key considerations when identifying client’s needs
3
9. Understand the importance of completing a client fact find as part of the financial planning process
2
10. Understand what constitutes good client practice and persistency
4
11. Understand insurance procedures for life insurance claims
4
12. Understand how relevant legislation affects client advice
1
13. Understand how insurance regulation affects client advice
2
14. Understand the importance of and the process in place for customer protection 2
15. Understand the ethical considerations of a financial adviser
2
* he test specification has an in-built element of flexibility. It is designed to be used as a guide for study and is not a
T
statement of actual number of questions that will appear in every exam. However, the number of questions testing each learning outcome will generally be within the range of plus or minus 2 of the number indicated.
Important notes
• Method of assessment: 50 multiple choice questions (MCQs). 1 hour is allowed for this examination.
•