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Chapter 8 Legal issues relating to reinsurance 8/23
Self-test questions
1. What part does a ‘reasonable search’ play in the duty to make a fair presentation of the risk?
2. What formal requirements are necessary for an ordinary contract?
3. What is the test for a term to be implied by common law?
4. What is contra proferentem?
5. Describe a warranty and the effect of its breach by a reinsured.
6. According to Evans, LJ, in Caudle v. Sharp (1995) what three elements are required for an event?
7. What is a limitation period?
8. Describe the inherent tension in follow (or loss settlement) clauses.
You will find the answers at the back of the book Reference copy for CII Face to Face Training Chapter
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