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8/12 W01/March 2017 Award in General Insurance

Self-test questions
1. What is the definition of contribution?

2. What are the five requirements which must be satisfied before contribution arises?
3. What did the King and Queen Granaries case firmly establish?
4. How do contribution rights arise?
5. What are the two main ways of determining ‘rateable proportion’?
6. From which principle of insurance do contribution and subrogation arise?
7. What is the extent of an insurer’s subrogation rights?

8. How does subrogation arise?
9. What rights does an insurer have in relation to total loss settlements involving salvage?
10. In what circumstances may insurers be precluded from exercising subrogation rights?

You will find the answers at the back of the book

8 Reference copy for CII Face to Face Training
Chapter