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How do an insurer's subrogation rights differ, if at all, between a theft policy and a personal accident policy?
In the context of an insurance claim, what does the principle of subrogation refer to?
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
Which of the following is a feature of an insurance contract under the principle of “utmost good faith”?
A survey of a car repairers reveals a spray booth exists by an unguarded paraffin space beater. Also, a day's supply of paint is kept within the building and waste is removed daily from a metal bin. What will the underwriter perceive as the main physical hazard?
When an insurer is aware that the total value of stock is more than the sum insured and issues a policy on this basis, this is known as
At what stage is insurable interest required for a marine cargo insurance policy?
Within what time period, from the date when the damage first began, does the owner of an office block have a right to sue the builder for negligent construction work?
In respect of a life assurance policy, the duty to take reasonable care NOT to make a misrepresentation ends when the proposer
Which of the following terms in an insurance policy is typically enforceable in a court of law?
According to statute, a term under a consumer personal accident insurance policy may potentially be considered unfair if the insurer
A person insures her own life under a life insurance policy but does so expressly for the benefit of another. To facilitate this, which type of arrangement is most commonly established?
What is the basis of settlement under a new for old insurance policy if a television is stolen?
Paul made a formal offer to John and gave hun (out weeks to accept it. Three weeks later, and before, John had responded. Paul needed to withdraw the offer. What is the position in contract law?
If the amount to be paid in the event of a total loss of insured property is agreed between the proposer and the insurer at inception of the policy, this is a modification of the principle of
For this question more than 1 option is correct. You must select all the correct options to gain the mark. In a consumer insurance policy, a warranty can arise as
The test of the materiality of facts in an insurance contract is defined according to the opinion of a
Which of the following is an example of a condition precedent in an insurance contract?
A storm blew down the wall of a limber building. The failing wall broke electrical wiring, which short-circuited and the resultant sparks caused a fire. The lire brigade used water to put out the fire and the water caused damage to the unburnt contents. What is the proximate cause of the damage to the unburnt contents?
Two liability policies with different insurers cover the same loss of £15,000,000. The limit of liability is £10,000,000 under policy X and £20,000,000 under policy Y. Neither policy has a non-contribution clause. What amount will policy Y contribute towards the claim payment?
Which of the following is a key principle of insurance law that requires the insured to disclose all material facts?
TESTED 02 May 2026