Home › International Academy › Australia › Practice exam Australia · independent exam preparation Australian General Insurance Practice Exams Study Australian general insurance principles using 10 practice sets covering disclosure, product documents, claims, complaints and common cover types.
Choose one of 10 practice sets Question 1 of 20
1. Which pairing is accurate? Underinsurance — Having coverage insufficient for the relevant replacement or loss exposure General insurance — Non-life coverage such as motor, home, travel or liability insurance Sum insured — A selected monetary limit applying to specified property or coverage Excess — The amount the insured contributes toward a covered claim
2. Which term matches this description: “Communication setting terms for a further insurance period”? Renewal notice Product Disclosure Statement Duty to take reasonable care Target Market Determination
3. Which pairing is accurate? Claims handling — The process of assessing and resolving insurance claims Target Market Determination — A document describing the class of consumers for whom a product is likely appropriate Renewal notice — Communication setting terms for a further insurance period Product Disclosure Statement — A document describing product features, benefits, risks and conditions
4. Which term matches this description: “A selected monetary limit applying to specified property or coverage”? Sum insured Underinsurance AFCA Cooling-off period
5. Which pairing is accurate? General insurance — Non-life coverage such as motor, home, travel or liability insurance Sum insured — A selected monetary limit applying to specified property or coverage Excess — The amount the insured contributes toward a covered claim Duty to take reasonable care — The consumer duty applying to answers given to insurer questions under Australian law
6. Which pairing is accurate? Sum insured — A selected monetary limit applying to specified property or coverage Cooling-off period — A period allowing eligible cancellation subject to product terms and law Underinsurance — Having coverage insufficient for the relevant replacement or loss exposure AFCA — The Australian external dispute resolution scheme for eligible financial complaints
7. Which pairing is accurate? Renewal notice — Communication setting terms for a further insurance period APRA — Australia prudential regulator for banks, insurers and superannuation entities Claims handling — The process of assessing and resolving insurance claims Product Disclosure Statement — A document describing product features, benefits, risks and conditions
8. Which pairing is accurate? Product Disclosure Statement — A document describing product features, benefits, risks and conditions Duty to take reasonable care — The consumer duty applying to answers given to insurer questions under Australian law Renewal notice — Communication setting terms for a further insurance period Target Market Determination — A document describing the class of consumers for whom a product is likely appropriate
9. Which statement best describes Cooling-off period? A period allowing eligible cancellation subject to product terms and law Australia prudential regulator for banks, insurers and superannuation entities Australia financial services and markets conduct regulator The Australian external dispute resolution scheme for eligible financial complaints
10. Which pairing is NOT accurate? Claims handling — The process of assessing and resolving insurance claims ASIC — Australia prudential regulator for banks, insurers and superannuation entities APRA — Australia prudential regulator for banks, insurers and superannuation entities Renewal notice — Communication setting terms for a further insurance period
11. Which pairing is accurate? ASIC — Australia financial services and markets conduct regulator APRA — Australia prudential regulator for banks, insurers and superannuation entities Claims handling — The process of assessing and resolving insurance claims AFCA — The Australian external dispute resolution scheme for eligible financial complaints
12. Which pairing is NOT accurate? Target Market Determination — A document describing the class of consumers for whom a product is likely appropriate Claims handling — Communication setting terms for a further insurance period Product Disclosure Statement — A document describing product features, benefits, risks and conditions Renewal notice — Communication setting terms for a further insurance period
13. Which term matches this description: “A period allowing eligible cancellation subject to product terms and law”? ASIC Cooling-off period APRA AFCA
14. Which statement best describes Renewal notice? A document describing the class of consumers for whom a product is likely appropriate The consumer duty applying to answers given to insurer questions under Australian law A document describing product features, benefits, risks and conditions Communication setting terms for a further insurance period
15. Which term matches this description: “The consumer duty applying to answers given to insurer questions under Australian law”? Excess General insurance Sum insured Duty to take reasonable care
16. Which statement best describes ASIC? The process of assessing and resolving insurance claims Australia financial services and markets conduct regulator Communication setting terms for a further insurance period Australia prudential regulator for banks, insurers and superannuation entities
17. Which pairing is accurate? APRA — Australia prudential regulator for banks, insurers and superannuation entities ASIC — Australia financial services and markets conduct regulator Claims handling — The process of assessing and resolving insurance claims Renewal notice — Communication setting terms for a further insurance period
18. Which pairing is accurate? Excess — The amount the insured contributes toward a covered claim Underinsurance — Having coverage insufficient for the relevant replacement or loss exposure Sum insured — A selected monetary limit applying to specified property or coverage Cooling-off period — A period allowing eligible cancellation subject to product terms and law
19. Which term matches this description: “Having coverage insufficient for the relevant replacement or loss exposure”? AFCA Cooling-off period ASIC Underinsurance
20. Which statement best describes Duty to take reasonable care? The consumer duty applying to answers given to insurer questions under Australian law A selected monetary limit applying to specified property or coverage The amount the insured contributes toward a covered claim Non-life coverage such as motor, home, travel or liability insurance
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About this preparation module This independent learning resource follows the publicly described topic areas of the named qualification. It is not endorsed by the examination owner and does not reproduce confidential examination questions.
Practice format Choose any of 10 mock sets. Every set offers a 20-question mini test or a 50-question full practice exam with explanations.
Official source and current requirements Always verify the current syllabus, eligibility, timing and rules with the examination owner. View the official information source .
Frequently asked questions Are these official examination questions? No. Every question is independently written for educational practice and no affiliation or endorsement is implied.
Which practice mode should I use? Use the 20-question mini test for focused revision and the 50-question full test for longer practice. A practice score is not an official result.
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