Chapter 5 IF1 Quizsearch

?
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

Preview of the front of card 3

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

Preview of the front of card 4

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

Back

Preview of the front of card 5
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