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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Claims and Indemnity Principles | 15% | - Subrogation and contribution - Notification and proof of loss - Measure of indemnity |
| Topic 2: Nature and Sources of English Law | 15% | - Sources of law: statute, common law, EU influence - Legal personality and capacity - Legal system and structure |
| Topic 3: Law of Torts | 15% | - Principles of negligence - Other torts: trespass, nuisance, breach of statutory duty - Application to liability insurance |
| Topic 4: Law of Contract | 15% | - Breach and remedies - Terms, conditions and representations - Essentials of a valid contract |
| Topic 5: Formation of Insurance Contracts | 15% | - Insurable interest - Utmost good faith and disclosure - Offer, acceptance and consideration |
| Topic 6: Interpretation and Vitiation of Insurance Contracts | 15% | - Warranties, conditions and exceptions - Rules of construction - Factors vitiating the contract |
| Topic 7: Law of Agency | 10% | - Authority, rights and duties - Creation and types of agency - Application to insurance intermediaries |
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 an express term in reaching or recording an agreement?
Correct Answer: C,D 🗳️
A breach of warranty under the general law of contract legally entitles an injured party to
Correct Answer: B 🗳️
In respect of a life assurance policy, the duty to take reasonable care NOT to make a misrepresentation ends when the proposer
Correct Answer: A 🗳️
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: C,D 🗳️
For this question more than 1 option is correct. You must select fill the correct options to gain the mark. In what circumstances would an agency agreement be automatically terminated?
Correct Answer: B,D 🗳️
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