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Free Practice Questions for SEGEM Broker TPYS
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Sample SEGEM Broker TPYS Practice Questions
Try these sample questions to review concepts for the SEGEM Broker TPYS exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 50+ question experience with AI tutoring.
1A manufacturer buys property insurance to reduce the financial disruption of a possible factory fire. Which insurance function is illustrated?
A.Transferring covered financial consequences through a premium-funded risk-sharing arrangement
B.Avoiding the exposure by permanently stopping production
C.Reducing ignition frequency by installing electrical protection
D.Retaining the entire financial loss in the manufacturer's own contingency fund
Explanation: Insurance provides financial protection against covered losses in exchange for premium, supporting continuity after an insured event. It transfers specified financial consequences rather than physically preventing every fire. Avoidance, prevention and self-funded retention are different risk-management responses.
2A proposed Turkish property contract has no insured interest at the moment it is made. What result does TTK Article 1408 prescribe?
A.The contract is valid until the first claim
B.The contract is invalid because the insured interest is absent
C.The premium payment creates the missing interest
D.The insurer must replace the property cover with liability cover
Explanation: TTK Article 1408 makes the insurance contract invalid if the insured interest does not exist when the contract is made. Payment or documentation alone cannot create the underlying interest. The provision also addresses an existing interest that subsequently disappears, subject to Article 1470.
3A warehouse applicant deliberately omits earlier electrical fires when answering the insurer's risk questions. Which obligation is directly breached?
A.Sharing a loss among concurrent insurers
B.Preserving recovery rights after indemnification
C.Disclosing material risk information honestly before contracting
D.Reducing damage after a new fire begins
Explanation: The applicant breaches the pre-contractual disclosure duty associated with utmost good faith (azami hüsnüniyet). TTK Article 1435 requires disclosure of material matters known or that ought to be known to the policyholder. Previous electrical fires can affect the insurer's acceptance or terms.
4An insurer pays TRY 700,000 for warehouse damage caused by a negligent contractor. The insured has a valid recovery claim against that contractor. Under TTK Article 1472, which statement describes the insurer's subrogation?
A.The insurer acquires every claim the insured has against the contractor, including unrelated debts
B.Recovery rights transferred when the proposal was submitted
C.The contractor must consent before any statutory transfer occurs
D.The insurer succeeds to the insured's recovery rights for the loss up to TRY 700,000
Explanation: TTK Article 1472 transfers the insured's rights against those responsible for the loss to the insurer upon indemnity payment, to the extent paid. The insurer receives the existing rights rather than a larger or unrelated claim. An uncompensated remainder may still be pursued by the insured.
5Two insurers simultaneously cover the same TRY 10,000,000 property, peril and period under proportional joint insurance: A insures TRY 6,000,000 and B TRY 4,000,000. A covered loss is TRY 2,000,000, with no deductible or joint-and-several liability clause. What are their shares under TTK Article 1466?
A.A: TRY 1,200,000; B: TRY 800,000
B.A: TRY 1,000,000; B: TRY 1,000,000
C.A: TRY 2,000,000; B: TRY 0
D.A: TRY 800,000; B: TRY 1,200,000
Explanation: Under proportional müşterek sigorta, each insurer's share follows its sum insured divided by the combined sums insured. A therefore pays 60% of TRY 2,000,000, or TRY 1,200,000, and B pays 40%, or TRY 800,000. Article 1466 contains the joint-insurance rule; Article 1465 states the preceding general rule for multiple insurance.
6A first-loss property wording expressly waives proportional underinsurance and promises full covered partial losses up to TRY 4,000,000. The property is worth TRY 8,000,000 and suffers TRY 1,200,000 covered storm damage. With no deductible, what should the broker calculate?
A.TRY 1,200,000
B.TRY 4,000,000
C.TRY 600,000
D.TRY 300,000
Explanation: The agreed first-loss wording pays TRY 1,200,000 because the covered loss is within the TRY 4,000,000 limit. TTK Article 1462 states the proportional underinsurance rule applies unless otherwise agreed. Applying a 50% reduction here would ignore the express waiver in the hypothetical contract.
7A broker compares two hypothetical property wordings. One deducts TRY 20,000 from each covered loss; the other pays nothing for losses of TRY 20,000 or less but pays the full loss above that threshold. For a TRY 75,000 loss, how do the wordings respond?
A.Both pay TRY 55,000
B.The deductible wording pays TRY 55,000; the franchise wording pays TRY 75,000
C.The deductible wording pays TRY 75,000; the franchise wording pays TRY 55,000
D.Both pay TRY 75,000
Explanation: A tenzili muafiyet subtracts the specified deductible: TRY 75,000 − TRY 20,000 = TRY 55,000. The stated entegral muafiyet operates as a franchise, paying the full loss once it exceeds the stated threshold. The exact wording controls the boundary and calculation.
8A building valued at TRY 20,000,000 is insured for TRY 10,000,000. Covered pipe damage totals TRY 2,000,000. The policy expressly requires a 10% deduction from gross damage before applying the proportional underinsurance ratio. With no other adjustments, what is the net indemnity?
A.TRY 1,800,000
B.TRY 1,000,000
C.TRY 800,000
D.TRY 900,000
Explanation: The specified deductible leaves TRY 2,000,000 × 90% = TRY 1,800,000. The underinsurance ratio is TRY 10,000,000 / TRY 20,000,000 = 50%, so payment is TRY 900,000. The stem expressly states the contractual order, avoiding assumptions about how another wording might apply its deductible.
9For an ordinary voluntary insurance proposal governed by TTK Article 1405, what is the statutory default period after the proposal date within which the insurer must reject it to avoid deemed contract formation?
A.10 days
B.15 days
C.30 days
D.60 days
Explanation: TTK Article 1405 uses thirty days from the proposal date. If the proposal is not rejected within that period, the insurance contract is deemed formed. The article expressly preserves the separate compulsory-insurance provision in Article 1483.
10For an ordinary property policy other than land or sea cargo insurance, when does the insurer's responsibility begin under TTK Article 1421 if no different arrangement has been agreed?
A.When the premium or its first installment is paid
B.When the broker first requests a quotation
C.When the insurer prints a policy, regardless of payment
D.When the first insured loss is reported
Explanation: TTK Article 1421 generally links commencement of the insurer's responsibility to payment of the premium or first installment, unless agreed otherwise. The article contains a different default for land and sea cargo insurance, where responsibility begins on conclusion of the contract. Proposal, document and responsibility dates should therefore be distinguished.
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