CII Examination element of M05 Insurance law - E05 Exam Practice Test
What is the most common for of corporation?
Correct Answer: D
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
Correct Answer: C
According to statute, a term under a consumer personal accident insurance policy may potentially be considered unfair if the insurer
Correct Answer: B
A household insurance policyholder leaves his home to go to work without setting the burglar alarm. Whilst he was out, his new tumble dryer overheats and causes fire damage to the kitchen. In what circumstances may the insurer legally reject a fire claim?
Correct Answer: D
Insurance agencies are usually created by way of
Correct Answer: A
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: A,C