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NEW QUESTION # 98
Which of the following is an example of a condition precedent in an insurance contract?
Answer: B
Explanation:
A condition precedent is an obligation that must be met before the insurer becomes liable for a claim. For example, the insured might need to maintain property in good condition or comply with safety measures before coverage applies.
NEW QUESTION # 99
Insurance agencies are usually created by way of
Answer: A
NEW QUESTION # 100
Fran is self-employed and works from home. She uses her spare bedroom as an office and separately insures her computer, photocopier and other items of office equipment. She occasionally uses the equipment for personal use. Under the Consumer Insurance (Disclosure and Representations) Act 2012. in relation to insuring this equipment, she would be defined as a
Answer: B
NEW QUESTION # 101
The Chancery Division is a division of the:
Answer: C
Explanation:
The Chancery Division is one of the three divisions of the High Court in the United Kingdom, dealing with matters such as business law, trusts, and intellectual property.
NEW QUESTION # 102
John has a whole of life policy and has recently been diagnosed with cancer. When, if at all. must he disclose this to his insurer?
Answer: C
NEW QUESTION # 103
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