Page 23 - CFPA-SCR-CII-W01-Corrigé des Quizz

B. The insurer only.
C. The policyholder only.
D. Both the policyholder and the insurer.

13. Prior to the inception of a motor insurance policy, an insurer provided the policyholder with a list of
exclusions but failed to warn of an additional exclusion which subsequently appeared in the policy
document. What principle of insurance has the insurer breached?

A. Caveat emptor.
B. Proximate cause.
C. Subrogation.
D. Utmost good faith.

14. When Norman applied for a theft insurance policy, he advised the insurer that he only had a single
Yale lock on the main entrance to the property to be insureThis information is an example of:

A. best advice.
B. common interest.
C. contract consideration.
D. a material fact.

15. In connection with an insurance policy, at what point does the duty of disclosure first arise?

A. At the beginning of negotiations.
B. On the making of an offer.
C. On the acceptance of an offer.
D. At policy inception.

16. In what circumstances may an insurer have the right to avoid paying a claim and to void a household
contents insurance policy from inception?

A. When a premium instalment is not paid.
B. When a second insurer is used by the insured.
C. When a deliberately undisclosed material fact is discovered.
D. When the value of contents is mistakenly underestimated by the insured.

17. When Rachel submitted a proposal form for her household insurance, she forgot to answer one of
the questions. The insurer did NOT query the missing information and the policy is now in force. This
is NOT regarded as non-disclosure because:

A. Rachel intended to provide the insurer with the information.
B. Rachel could not be expected to know the answers.
C. the insurer has waived its right to the information.
D. the non-disclosure was not important.