- All Exams Instant Download
In respect of consumer insurance contracts, the duty of utmost good faith means that the
In respect of consumer insurance contracts, the duty of utmost good faith means that theA . broker has a duty to the proposer to find the widest coverage at the best price.B . broker and the insurer have a duty of confidentiality regarding contract information.C . proposer has a duty...
A proposer for property insurance did NOT inform the insurer that his business premises were protected by a burglar alarm. What are the implications, if any, of this omission once the insurer is on risk and the premium is paid?
A proposer for property insurance did NOT inform the insurer that his business premises were protected by a burglar alarm. What are the implications, if any, of this omission once the insurer is on risk and the premium is paid?A . None, as it is a factor that lessens the...
An insurance policy would be illegal and void if it is
An insurance policy would be illegal and void if it isA . an employer’s liability policy for a company without any employees.B . a household contents policy insuring a gun collection.C . a products liability policy covering fines for health and safety breaches.D . a marine cargo policy taken out...
The final court of appeal for a number of commonwealth countries is the
The final court of appeal for a number of commonwealth countries is theA . Crown Court.B . High Court.C . Judicial Committee of the Privy Council.D . Supreme Court.View AnswerAnswer: C
Stuart has a joint mortgage with his wife of £60,000 and a personal loan of £5,000, but no other debts. How much insurable interest does his wife have in his life?
Stuart has a joint mortgage with his wife of £60,000 and a personal loan of £5,000, but no other debts. How much insurable interest does his wife have in his life?A . A maximum of £30,000.B . A maximum of £60,000.C . A maximum of £65,000.D . An unlimited amount.View...
