BCP Study Guide 2026
Everything you need to pass the BCP exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 BCP Exam Format at a Glance
📚 BCP Topics to Study (48)
✍️ Sample BCP Questions & Answers
1. What must an insurer disclose to policyholders under MAS Notice 318 (for general insurance)?
MAS Notice 318 requires general insurers to disclose key product features, important exclusions, claims procedures, and where applicable, cooling-off rights to ensure policyholders can make informed decisions.
2. What role does a 'loss adjuster' play in Singapore insurance claims?
A loss adjuster is an independent professional appointed by the insurer to investigate the circumstances of a claim, determine the cause, and assess the quantum of loss.
3. What is the key difference between a 'participating' and 'non-participating' life insurance policy in Singapore?
Participating policies entitle the policyholder to receive bonuses from the insurer's participating fund surplus. Non-participating policies offer guaranteed benefits only.
4. What is the 'free-look' period for life insurance policies purchased in Singapore?
In Singapore, policyholders have a 14-day free-look period from the date they receive the policy document to review and cancel a life insurance policy with a full refund of premiums paid.
5. What does 'proximate cause' determine in a Singapore insurance claim?
Proximate cause identifies the dominant, effective, or operative cause of a loss. A claim is payable only if the proximate cause is a peril covered under the policy.
6. What is 'insurable interest' as required in Singapore insurance law?
Insurable interest means the policyholder must have a legitimate financial stake in the subject matter insured. Without it, the insurance contract is not legally enforceable in Singapore.