Chapter 2 – Insurance Contract
- Created by: Wg22
- Created on: 20-02-22 20:18
Other questions in this quiz
2. What is a correct description of the policyholder? The person who..
- ... has an interest in the occurrence of the risk.
- ... concludes the insurance policy with the insurer.
- ... is entitled to the benefit.
- ... pays the premium.
3. A policyholder takes out three fire insurance policies for the same building with three different insurers in order to be compensated three times. What are the consequences?
- The insurers may claim the insurance policies are null and void and retain any premiums already paid.
- Only the insurer of the first insurance policy taken out will have to pay the compensation; the other insurers may claim that their respective insurance policies are null and void.
- Each of the insurers will have to pay a portion of the compensation, but not more than the building's rebuild value.
- The insurance policies may be terminated by the respective insurers and any premiums paid will be deducted from the amount of the compensation as a penalty.
4. What is the limitation period for any legal action resulting from the injured person’s direct right of action against the liability insurer?
- 20 years.
- 3 years.
- 5 years.
- 10 years.
5. The mandatory nature of part 4 of the Law of 4 April 2014 implies that the provisions relating to non-marine insurance policies must be complied with...
- ... unless the law provides for the possibility of derogating from them via specific agreements.
- ... except when requested by the policyholder, where the policyholder benefits from it.
- ... unless derogations from them are possible via another law.
- ... without the possibility of setting them aside.
Comments
No comments have yet been made