SCI Health Insurance Set 1 (PDF)
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Which of the following is NOT true regarding banker’s acceptances?
a) They are used to facilitate international commercial trade transactions.
b) They represent a claim on the issuing bank.
c) They have no maturity date.
d) They are issued at a discount to face value.
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SCI BCP Set 1
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BCP Exam Question
Which of the following methods is used to ensure that an insured person does not get more than an indemnity by claiming for the same loss or damage from two insurance policies?
a) Subrogation.
b) Sublet.
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d) Assignment.
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M9A Set 2
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CMFAS M9A Exam Question
When the futures price is higher than the spot price, the situation is known as:
a) Contango.
b) Backwardation.
c) Basis.
d) Variation.
