The BCP examination comprises of 40 questions, time given is 45 minutes and the passing mark is 70%.
BCP Set B
BCP Set B
$14.90
3 Apr 2025
BCP Exam Question:
Which of the following statements regarding insurable interest is incorrect?
a) There must be some property, rights, interest or potential liability capable of being insured.
b) The property, rights, interest or potential liability must be the subject matter of the insurance.
c) The insured must not stand in a relationship, recognized by law, with the subject matter of the insurance.
d) The proposer must benefit from the continued existence of the subject matter of the contract or be prejudiced by its loss.
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BCP Set A
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3 Apr 2025
BCP Exam Question:Which of the following statements about ‘common law’ is NOT TRUE?
a) It is sometimes called ‘unwritten law’.
b) It consists of generally accepted rules and requirements that a civilized society will consider automatic.
c) It can be modified or abolished by statute law.
d) It cannot be modified by the mutual agreement of parties to a contract.
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BCP Set C
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3 Apr 2025
BCP Exam Question:Which of the following is a method to use such that a risk and its potential financial consequences can be transferred to another party without the use of insurance?
a) Risk transfer
b) Risk pooling
c) Non-insurance transfer
d) Non-insurance pooling
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PGI Set B
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3 Apr 2025
PGI Exam Question:Which of the following statements correctly describes the term Subrogation?
a) The insurer need not to pay any claims if the claims are fraudulent.
b) The insurer has the right to pursue the wrong-doer in the insured’s name.
c) The insured must inform the insurer in writing of any change of circumstances which can increase the possibility of loss, injury or damage.
d) The insurer and the insured have the right to cancel the policy if mutually agreed upon.
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M6A (Set 2)
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3 Apr 2025
CMFAS M6A Exam Question:Which of the following occurs in an interest rate swap?
a) Net interest payments are made and the notional principal is swapped.
b) Net interest payments are made.
c) Notional principal is returned.
d) Net notional principal is swapped.
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CGI Set A
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3 Apr 2025
ComGI Exam Question:If a motor vehicle cannot be restored to a safe pre-accident condition and the total repair costs exceeds the Economic Repair Value, the insurer will have the option to settle the claim on a:
a) Constructive Total Loss Basis
b) Repair Discharge Basis
c) Disabled Vehicles Basis
d) Damage Limit of Indemnity Basis
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M6A (Corporate Package)
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