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NEW QUESTION 31
In accordance with the principle of good faith, which facts must a potential policyholder disclose to the insurer when applying for insurance?

  • A. Any facts of law.
  • B. Any facts which are considered material to the risk.
  • C. Any facts which are in the public domain.
  • D. Only those facts considered likely to reduce the cost of cover

Answer: B

 

NEW QUESTION 32
If a surveyor is sent lo survey a risk, what does risk primarily refer to in this context?

  • A. The policyholder.
  • B. The premises.
  • C. The policy cover details.
  • D. The insured perils.

Answer: B

 

NEW QUESTION 33
Sara searches on a comparison website for car insurance. She selects the cheapest quotation and pays by credit card for immediate cover. This is known as

  • A. unconditional acceptance.
  • B. an offer.
  • C. conditional acceptance.
  • D. a Terms of Business Agreement.

Answer: A

 

NEW QUESTION 34
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