Mergers and acquisitions

Course questionnaire: underwriting a deal, diligence, knowledge, timetable

Six simple questions on the main ideas of the course: what the insurer reads, the knowledge date, the auction, the small deal, the tower of cover and directors' run off.

6 questions, 5 minutes

Course questionnaire

Easy questions on the central ideas of the course, several of them true or false. Get 5 out of 6 right and the course is passed. After each answer, you see whether it is right, and why.

1 / 6 · True or false

Answers are marked together when you submit: choose, move on to the next one, and your score comes at the end.

To underwrite warranty and indemnity cover, the insurer does not examine the target itself: it reads the buyer's due diligence reports.

Review

Every question, its answer and the reasoning

The same material, in continuous reading. Each point links to the matching glossary entry, where the notion is covered in full with its worked example.

Course questionnaire: underwriting a deal, diligence, knowledge, timetable

Every question, its answer and the reasoning

1. To underwrite warranty and indemnity cover, the insurer does not examine the target itself: it reads the buyer's due diligence reports.

2. What most often decides whether a claim is accepted or refused?

3. In an auction, the winning bid is often the least well covered, because the bidder who examined the least inherits the most exclusions.

4. On a small deal, what often replaces warranty and indemnity insurance?

5. In a tower of cover, notifying the loss to the primary layer insurer is enough to notify the whole tower.

6. When must run-off cover on the target's directors' policy be bought?