Is government legislation necessary to make an insurance policy compulsory
Sometimes
Never
Always
Rarely
Do we have to have Insurance
No
Yes
Yes-but only if its is a compulsory insurance
Yes- but only if it protects risks we believe that we may have
What is a hazard
The peril
A factor that affects the chance of a peril occurring
An event that causes loss
The severity of the risk
As an insurance principle the two main areas of risk are?
Fire and Theft
Insured and uninsured
Frequency and severity
Contract and agency
Under what circumstances is "Acceptance" legally binding
It must be in writing in every case
It must be verbal in every case
It can be verbal or in writing
It must be witnessed by an independent party
What is the primary aim of Data Protection Act
Protect Individuals
Protect businesses
Protect individuals & businesses
Protect governement
An organisation or individual who is responsible for how and why personal data is processed is known as
A data processor
A data administrator
A data officer
A data controller
What is a Data Processor
An individual or organisation responsible for the manner in which data is processed
An individual that processes data
A manager in a data processing company
A company system for controlling and processing data
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