Q31. Within what time period, from the date when the damage first began, does the owner of an office block have a right to sue the builder for negligent construction work?

Q32. A person insures her own life under a life insurance policy but does so expressly for the benefit of another. To facilitate this, which type of arrangement is most commonly established?

Q33. A professional indemnity policy includes a condition requiring that the insured must give prompt notice of any circumstance that could give rise to a claim. What type of condition is this?

Q34. A claimant may possibly recover money transferred under an illegal contract when

Q35. A married couple have equal shares in a property and are insured under a buildings insurance policy. What is the likely position in law of a breach of good faith by one party, which was unknown to the other party?

Q36. Dan made a financial arrangement on behalf of Liz. However, Liz had the arrangement set aside by the court on the basis that she had been unduly influenced by Dan. To establish undue influence, the court must have specifically identified Dan as

Q37. Who is entitled to the surplus if a subrogation recovery from a negligent third party is greater than the amount the insurer has paid to the insured?

Q38. In terms of private motor insurance, a renewal offer can be accepted

Q39. For this question more than 1 option is correct. You must select all the correct options to gain the mark. What are the characteristics of a corporation aggregate?

Q40. The principle of subrogation prevents a policyholder from profiting from

Q41. In the tort of negligence, a primary victim of nervous shock is a class of person who suffers psychiatric injury

Q42. How can an agency relationship be best described?

Q43. The test of the materiality of facts in an insurance contract is defined according to the opinion of a

Q44. Insurance agencies are usually created by way of

Q45. Which divisional court of the High Court includes a Commercial Court?

Q46. At what stage is insurable interest required for a marine cargo insurance policy?

Q47. What is the intended purpose of a subrogation waiver clause in an insurance po

Q48. For this question more than 1 option is correct. You must select all the correct options to gain the mark.
The Insurance: Conduct of Business sourcebook (ICOBS) rules in respect of claims handling specify that an insurer must

Q49. A warranty in Emily’s personal travel insurance policy states that cash must be kept in a locked safe. Whilst on holiday, a storm destroys her hotel and its contents. When Emily completes a claim form for loss of money, she admits that her cash was NOT locked in the safe. What will be the insurer’s likely response to her claim for the lost money?

Q50. Ambiguous terms in a household insurance contract are generally construed against the