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| Section | Weight | Objectives |
|---|---|---|
| Law of Agency | 8% | - Authority, duties, rights and liabilities
|
| Law of Contract | 12% | - Formation of contract
|
| Terms and Interpretation of Insurance Contracts | 16% | - Conditions, warranties, exceptions
|
| Claims and Loss Settlement | 14% | - Notification, proof of loss, measure of indemnity
|
| Legislation and Regulation | 14% | - Consumer protection, data protection, FCA/PRA rules
|
| Law of Torts | 8% | - Principles of tort liability
|
| Formation of Insurance Contracts | 18% | - Utmost good faith, disclosure, representation
|
| English Legal System and Basic Concepts | 10% | - Nature and sources of law
|
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NEW QUESTION # 115
In the context of insurance law, who is considered a third-party claimant?
Answer: C
Explanation:
A third-party claimant is someone who is not a party to the insurance contract but claims compensation from the policyholder's insurer for losses or injuries caused by the policyholder.
NEW QUESTION # 116
For this question more than 1 option is correct. You must select all the correct options to gain the mark.
Which special defences are available to the fort of libel?
Answer: D,E
NEW QUESTION # 117
The proximate cause of a loss is best described as the
Answer: B
NEW QUESTION # 118
In the tort of negligence, a primary victim of nervous shock is a class of person who suffers psychiatric injury
Answer: C
NEW QUESTION # 119
According to statute, a term under a consumer personal accident insurance policy may potentially be considered unfair if the insurer
Answer: C
NEW QUESTION # 120
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