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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Interpretation and Vitiation of Insurance Contracts | 15% | - Warranties, conditions and exceptions - Rules of construction - Factors vitiating the contract |
| Topic 2: Law of Torts | 15% | - Principles of negligence - Application to liability insurance - Other torts: trespass, nuisance, breach of statutory duty |
| Topic 3: Formation of Insurance Contracts | 15% | - Insurable interest - Offer, acceptance and consideration - Utmost good faith and disclosure |
| Topic 4: Nature and Sources of English Law | 15% | - Legal system and structure - Legal personality and capacity - Sources of law: statute, common law, EU influence |
| Topic 5: Law of Agency | 10% | - Authority, rights and duties - Creation and types of agency - Application to insurance intermediaries |
| Topic 6: Law of Contract | 15% | - Essentials of a valid contract - Terms, conditions and representations - Breach and remedies |
| Topic 7: Claims and Indemnity Principles | 15% | - Measure of indemnity - Notification and proof of loss - Subrogation and contribution |
What are the main objectives of the principle of insurable interest?
Correct Answer: D 🗳️
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?
Correct Answer: A,C 🗳️
A claimant may possibly recover money transferred under an illegal contract when
Correct Answer: C 🗳️
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: B,C 🗳️
The test of the materiality of facts in an insurance contract is defined according to the opinion of a
Correct Answer: A 🗳️
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