Insurance Intermediary

IIQE Paper 2: Original Practice and Pro Rata Average

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IIQE Paper 2: Original Practice and Pro Rata Average

IIQE Paper 2 preparation works best when you can connect a general insurance rule to the wording of a policy and a specific loss. This guide brings together three tasks: planning your Paper 2 revision, understanding pro rata average, and using original practice to identify what needs another attempt.

Try an original question and its explanations →

Start with the Paper 2 format

Paper 2 covers general insurance: 50 multiple-choice questions in 75 minutes, with a 70% pass mark, or 35 correct answers. Before enrolling, check the papers and exemptions relevant to your intended business. Use the current PEAK handbook for arrangements and fees.

A pass mark is different from a candidate pass rate. Practice accuracy also depends on the selected questions, repeat attempts and users. Instead of using one percentage to predict a pass, record whether each error came from a missed condition, a confused principle or the arithmetic.

Average: identify three different figures

For an underinsurance problem, identify the sum insured, the actual value at the time of loss, and the covered loss. Check whether a pro rata average condition applies. Where it does, apply the insured proportion to the covered loss. Do not invent the condition merely because two values differ.

A common error is using the uninsured proportion as the payable proportion. Another is treating the sum insured as the loss. Before calculating, explain in one sentence what your ratio represents. If you cannot explain it, revisit the principle before doing more arithmetic.

Make each insurance scenario test your reasoning

Property cover, legal liability and personal benefits require different decisions. Identify the subject of cover, the event, exclusions and the basis of payment. When two options seem plausible, name the condition in the question that rules one out. Recognising familiar wording is less useful than explaining why it applies.

Use the error to choose your next practice

Try the original website question below. Read the explanation and the reason each competing option fails, then restate the method yourself. Revisit the general insurance and claims notes. Retry without the answer, then vary the figures or scenario to see whether you understand the rule.

The dedicated Paper 2 app offers other topic questions, explanations, wrong-answer review and bookmarks. Download it free to try the approach; choose Pro when you need ongoing practice. Access periods and prices are shown in the purchase screen. Website examples and app records are separate.

After chapter practice, move to timed mixed questions and leave time to check calculations and limiting words. Confirm textbook versions and corrigenda through PEAK Study Notes. These website examples are independently written, rather than official past examination questions.

Frequently asked questions

Does 70% mean the Paper 2 pass rate?
No. It is the pass mark: 35 correct answers out of 50. The share of candidates passing, website practice accuracy and your individual chance of passing are different measures.
Does average apply to every policy?
No. Check that the task specifies a pro rata average condition, then use the stated policy basis and terms. Do not add a condition merely because the sum insured is below the property's value.
What should I do after the website example?
Identify whether the error concerns a condition, denominator or calculation. Revisit the notes, then try other Paper 2 questions in the app. Check its free trial and Pro terms in the purchase screen.

TRY ONE ORIGINAL QUESTION

IIQE Paper 2 · Pro rata average

A website introduction with no sign-in. Answer, read the reasoning and choose your next practice. One question cannot assess the whole paper.

A property policy on an actual-value basis is subject to pro rata average. The sum insured is HK$600,000, the property's actual value at the time of loss is HK$1,000,000, and the covered loss is HK$200,000. There is no deductible or other limit affecting the calculation. How much is payable?

Next, practise the reasoning behind your mistake

Separate the sum insured, actual value and loss, then practise with different figures. The app offers other original questions by topic, explanations, wrong-answer review and bookmarks.

Download free to try. Check the app purchase screen for Pro content, duration and price. Website examples do not enter app records.

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Practice Questions (10)

Questions from the same category. Reveal results after answering.

1. 在香港一般保險的核保實務中,若題目問到僱員補償保險徵款的收集及分配,哪一個機構是根據《僱員補償保險徵款條例》成立,負責向承保人收集由承保人轉交的徵款,並分配予有關指定團體?

multiple_choice

2. 關於自願醫保計劃下產品提供者及認可產品,下列哪些陳述正確? i. 保險公司須先按註冊規則成為產品提供者,方可推出認可產品。 ii. 認可產品限於個人形式承保的償款住院保險產品。 iii. 靈活計劃須建基於不低於標準計劃的基本保障,並提供額外保障或提高保障限額。 iv. 靈活計劃可設附加保障,但核心條款及基本保障不得低於標準計劃要求。

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3. 在香港保險市場中,建築全險(Contractors' All Risks Insurance)的結構設計旨在為工程項目提供多維度的風險保障。根據《卷二研習資料手冊》中關於建築工程保險的定義與實務操作,下列關於建築全險(CAR)承保範圍組合的描述,哪一項最為準確且完整?

multiple_choice

4. 一家專業諮詢公司投保一份為期一年的專業責任保險,該保單採用「索償申報」基準承保,並設有保單生效日前一年的追溯日期。若該公司在追溯日期後六個月因工作疏忽導致客戶損失,而客戶直到保單期滿後第二個月才正式向該公司提出法律訴訟並要求賠償。在不考慮任何自動延長申報期的情況下,下列關於該保單保障責任的敘述哪一項最為準確?

multiple_choice

5. 關於一般商業盜竊保險的承保範圍與條款,下列哪項或哪些敘述是正確的? (i) 保單通常要求盜竊行為必須涉及以強行及暴力方式進入或離開受保處所 (ii) 匪徒在盜竊後為了毀屍滅跡而縱火所引致的火災損失,通常屬於除外責任 (iii) 除非另有約定,否則此類保單一般不屬於「全險」類別,而是屬於「指明風險」保險

multiple_choice

6. 關於個人意外保險保單的「取消條款」,下列哪項敘述最為準確?

multiple_choice

7. 在一般保險法律框架下,關於「保證」的法律性質及其對保險合約效力的影響,下列哪項描述最為準確且完整?

multiple_choice

8. 關於香港一般保險業務的監管框架及《承保商專業守則》的法律與行政地位,下列哪一項敘述在法律邏輯或實務操作上是「錯誤」的?

multiple_choice

9. 在一般保險業務中,「金錢保險」通常採納「全險」基礎提供保障。下列哪些項目屬於典型金錢保單的保障範圍? (i) 在前往銀行存款的運送途中,因遭受搶劫或盜竊而損失的金錢 (ii) 存放於營業地點的保險箱內,因火災或爆炸而毀損的金錢 (iii) 存放於投保人或授權職員住所內,準備於次日存入銀行的金錢

multiple_choice

10. 在香港的一般保險市場中,標準醫療保險計劃通常旨在為受保人提供經濟補償。根據一般的承保慣例,下列哪項最常被列為醫療保險的核心保障範圍?

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Practice Questions

From: IIQE 卷二 一般保險 中介人考試題庫|唔使再靠雞精

View full quiz bank
1
假設涉案保險人是 ICB 會員、已作最終決定、投訴於六個月內提出,且未進入訴訟或仲裁。下列哪些項目符合 ICB 受理準則? I. 倫敦遊客在香港購買旅遊保險,意外醫療費用爭議 75 萬港元。 II. 小型企業辦公室火災財產損失爭議 40 萬港元。 III. 個人家居保險盜竊索償爭議 110 萬港元。 IV. 保費率調整或續保商業決定爭議。
A僅限 I
B僅限 I 及 II
C僅限 I 及 III
DI、II、III 及 IV
2
如果保險人指投保人違反最高誠信原則,因而拒絕承保或賠償,關於證明未披露事實是否屬重要事實的責任,下列哪項正確?
A由法庭根據《保險業條例》自動判定,不屬於任何一方的舉證責任
B屬於被保險人的責任,因為被保險人對其自身風險狀況擁有最直接的知識
C屬於保險人的責任,保險人必須證明該事實足以影響一個審慎的核保人員作出決定
D由保險人與被保險人共同承擔,雙方須就該事實對合約條款的影響達成共識
3
關於一般保險報價,下列哪些陳述不正確? (I) 報價在任何情況下均自動成為具約束力的要約。 (II) 報價可列明保費、承保條款、附加限制或核保條件。 (III) 所有報價必須以書面發出才具法律效力。 (IV) 報價通常可設有效期,逾期後可能需重新評估。
A只有 (I) 及 (III)
B只有 (II) 及 (IV)
C只有 (I)、(III) 及 (IV)
D(I)、(II)、(III) 及 (IV) 全部皆不正確
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