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NEW QUESTION # 103
The branch of law particularly relevant when handling negligence claims is
Answer: C
NEW QUESTION # 104
What are the main reasons why the law requires insurable interest to exist?
Answer: D
NEW QUESTION # 105
Tim is a local insurance broker. He has authority to receive premiums for a personal lines insurer and earns commission from the insurer for sales. Paul, an elderly customer, asked Tim for advice regarding his personal insurance requirements and to assist with completing the proposal form for household insurance. In these circumstances, who, if anyone, is Tim's principal?
Answer: B
NEW QUESTION # 106
In respect of a life assurance policy, the duty to take reasonable care NOT to make a misrepresentation ends when the proposer
Answer: B
NEW QUESTION # 107
In the context of insurance law, who is considered a third-party claimant?
Answer: B
Explanation:
A third-party claimant is someone who is not a party to the insurance contract but claims compensation from the policyholder's insurer for losses or injuries caused by the policyholder.
NEW QUESTION # 108
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