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(From Post Magazine)
Whether studying for Chartered Insurance Institute exams or just to test yourself, see how you do.
The following is another extract from the specimen test paper for the new Lloyd's and London Market Introductory Test. The test itself is comprised of 75 multiple-choice questions, each question has four possible answer options but only one is correct. Visit www.training.lloyds.com to view the complete specimen test paper.
Q1. Where a cedant reinsures a risk and the reinsurer does not pay, who is liable to the original insured for the claim?
A. The broking firm that placed the reinsurance.
B. The Lloyd's Central Fund.
C. The cedant.