Chapter 8 IF1 Quizsearch
- Created by: DeborahRobinson
- Created on: 20-08-19 09:44
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Clues
- How many days of the event do most insurers require that claims for riot, civil commotion and malicious damage be notfied within (5)
- Under what principle are insurers not entitled to recover more than they have paid out (9)
- What is the proportion called which is the share of any claim that an insurer pays when two or more insurers cover the same risk. (8)
- What is the right of an insurer, following payment of a claim, to take over the insured's rights to recover payment from a third party responsible for the loss. (11)
- What is the term for the residual value left in something that has been insured that is beyond economic repair (7)
- What method of assessing contribution is used for property policies which are not subject to average and which have identical subject-matter (11)
- What principle seeks to share the burden of the loss fairly among all insurers who cover the loss (12)
- What type of clause may be included in a policy which would mean the policy would not contribute if there was another insurance policy in force this is not favoured by courts (15)
- What type of fellow employees have insurers generally agreed not to pursue recovery rights against (9)
- What type of polices is there no right of recovery if a person negligently causes an accident in which the insured is injured (7)
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