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NEW QUESTION 24
A house slatls to have subsidence problems due to the negligence of a cable-laying company. The owner of the house claims under his household buildings insurance policy. Which principle allows the insurer to recover from the cable-laying company?

A. Subrogation.B. Assignment.C. Contribution.D. Salvage.

Answer: A

 

NEW QUESTION 25
Alex decides to insure his factory. In doing this he is primarily

A. protecting his business against certainty of loss.B. reducing his physical hazard.C. reducing his moral hazard.D. transferring the risk to the insurer.

Answer: D

 

NEW QUESTION 26
What is the current rate of Insurance Premium Tax for a motor insurance policy?

A. 9.5%B. 12%C. 20%D. 10%

Answer: B

 

NEW QUESTION 27
Under the Consumer Rights Act 2015. a clause in a household insurance policy may be considered unfair if it

A. causes a significant imbalance in the parties' rights and obligations arising under the contract, to the disadvantage of the insured.B. allows any party other than the insured to enforce the insurer's obligations under the policy.C. imposes unreasonable obligations on the insurer in terms of costs or expenses that must be paid in addition to the amount of any loss.D. discriminates against one of the persons insured on the grounds of nationality, gender or sexual orientation only.

Answer: A

 

NEW QUESTION 28
Who can place business directly with a Lloyd's underwriter?

A. Lloyd's brokers and other intermediaries.B. Members of the public.C. Lloyd's agents.D. Lloyd's brokers only.

Answer: A

 

NEW QUESTION 29
......

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