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| Section | Objectives |
|---|---|
| Law of Torts | - Principles of tort law
|
| Formation of Insurance Contracts | - Core insurance principles
|
| Subrogation and Contribution | - Recovery rights and sharing of losses
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| Insurance Claims | - Claims process and legal principles
|
| Insurance Contract Terms and Vitiating Factors | - Factors affecting validity
|
| Law of Agency and Insurance | - Agency relationships
|
| Nature and Sources of English Law and Legal Persons | - Nature and sources of English law
|
| Indemnity and Loss Measurement | - Principle of indemnity
|
| Law of Contract | - Contract formation and operation
|
The test of the materiality of facts in an insurance contract is defined according to the opinion of a
Correct Answer: C 🗳️
In the tort of negligence, a primary victim of nervous shock is a class of person who suffers psychiatric injury
Correct Answer: B 🗳️
John owns stock that he intentionally insured for £15,000, although the full value of the stock is £18.000. His insurance policy has no excess and is subject to a pro rata condition of average. In the event of water damaging £6.000 of John's stock, how much will the insurer pay for a valid claim after the application of average?
Correct Answer: D 🗳️
What is the basis of settlement under a new for old insurance policy if a television is stolen?
Correct Answer: B 🗳️
For this question more than 1 option is correct. You must select all the correct options to gain the mark. What are the main sources of new English Law?
Correct Answer: A,B 🗳️
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