Page 18 - CFPA-SCR-CII-W01-Corrigé des Quizz
P. 18
A. common Law.
B. contract.
C. estoppel.
D. statute.
19. What is insurable interest?
A. The financial interest which a person has in an item.
B. The interest from an investment, the loss of which can be insured against.
C. The interest payable on insurance instalments.
D. The investment income received from insurance premiums.
20. In what circumstances would an insurer be unable to claim that non-disclosure has occurred, when
the proposer has answered the specific questions in the proposal form but omitted facts associated
to the questions?
A. If the cover note for the policy has already been issued.
B. If the first premium has already been paid.
C. If the insurer defined exactly what information was required to answer the question.
D. If the insurer delayed asking for more information until the week before the policy
inception.
21. An insurance proposal received for an engineering company’s premises reveals that the building is
25 years old and has timber flooring, an intruder alarm and a sprinkler system. Which aspect is an
underwriter most likely to consider a physical hazard?
A. The age of the building.
B. The intruder alarm.
C. The sprinkler system.
D. The timber flooring.
22. The insurance principle which imposes a duty on the parties of a contract ‘not to misrepresent any
matter relating to the insurance’ is known as:
A. assignment.
B. insurable interest.
C. legal personality.
D. utmost good faith.
23. The proximate cause of a loss will always be the:
A. dominant cause.
B. first cause.
C. last cause.
