what duty is implicit in all insurance negotiations regarding material facts
disclosure
1 of 10
Which 2012 act removes the common law duty on consumers to disclose any facts that a prudent underwriter would consider material and replaces this with a duty to take reasonable care not to make a misrepresentation
cidra
2 of 10
In the Insurance Act 2015 what type of presentation does it state that the insured must make to the insurer of the risk
fair
3 of 10
Under CIDRA whose agent is an intermediary considered to be if the intermediary has the authority to bind the insurer to cover and does so
insurer
4 of 10
What is a guarantee or promise which provides assurance by one party to the other that specific acts or conditions are true
warranty
5 of 10
What type of disclosure do motor policies usually required coming from an onerous policy condition
continuing
6 of 10
What is the legal term used for a bar or impediment that precludes a person from asserting a fact or right
estoppel
7 of 10
Under what may an insurer avoid a contract entirely if the insured is in breach of the duty of disclosure
abinito
8 of 10
Under what type of non disclosure may an insurer keep the premium and sue for damages
fraudulent
9 of 10
What type of breach triggers a remedy available to insurers under IA 2015
qualifying
10 of 10
Other cards in this set
Card 2
Front
Which 2012 act removes the common law duty on consumers to disclose any facts that a prudent underwriter would consider material and replaces this with a duty to take reasonable care not to make a misrepresentation
Back
cidra
Card 3
Front
In the Insurance Act 2015 what type of presentation does it state that the insured must make to the insurer of the risk
Back
Card 4
Front
Under CIDRA whose agent is an intermediary considered to be if the intermediary has the authority to bind the insurer to cover and does so
Back
Card 5
Front
What is a guarantee or promise which provides assurance by one party to the other that specific acts or conditions are true
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