This class was created by Brainscape user James Oxlade. Visit their profile to learn more about the creator.
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James Oxlade
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Decks in this class (10)
1.1 Principles of Good faith (2D)
Explain the principle of good faith,
What does good faith mean for the...,
What does good faith mean for the...
11
cards
Chapter 1 - Fundamental principles of insurance
What is the definition s of risk,
How is risk managed risk management,
What are the 3 other terms of ris...
34
cards
Chapter 2 - basic insurance legal principles and terminology
How may an insurance contract be ...,
What are the essentials of a vali...,
What are the features of insurabl...
48
cards
Chapter 3 - main classes of business written in the London Market
What are the vessels covered unde...,
What is first party insurance sho...,
What is the special marine term f...
48
cards
Chapter 4 - the insurance cycle
What is supply and demand,
What are some tools to manage sup...,
What is the difference between hi...
8
cards
Chapter 5 - Structure of the London Market
What is the lloyd s market,
Who regulates the lloyd s market,
What is a working member external...
25
cards
Chapter 6 - legal and regulatory requirement
What is the fca,
What is the pra,
What is the fpc
35
cards
Chapter 7 - Regulatory Processes, systems and controls
What are the main aspects of regu...,
What are the steps for following ...,
What does the coding applied to l...
24
cards
Chapter 8 - Role of a Broker
What is an agent and principal,
What are the 3 ways a relationshi...,
What is a terms of business agree...
20
cards
Chapter 9 - Underwriters
What is an underwriter in simple ...,
What does scratch mean,
What are the main functions of an...
14
cards
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