M05 試験問題を無料オンラインアクセス

If the amount to be paid in the event of a total loss of insured property is agreed between the proposer and the insurer at inception of the policy, this is a modification of the principle of

• A.indemnity.
• B.contribution.
• C.subrogation.
• D.good faith.

For this question more than 1 option is correct. You must select all the correct options to gain the mark.
A proposer for private motorcycle insurance carelessly states the motorcycle's engine capacity as 500cc when in fact it is 1500cc. A policy is issued by the insurer on this basis. In the event of a valid claim causing damage to the motorcycle, what potential remedies are available to the insurer under the Consumer Insurance (Disclosure and Representations) Act 2012?

• A.Reduce the claim amount in proportion to the premium it would have charged.
• B.Reject the claim, but maintain the policy.
• C.Avoid the contract, refuse all claims and keep the premium.
• D.Apply any terms it would have applied if the misrepresentation had not taken place.

The proximate cause of a loss is best described as the

• A.most dominant cause of the loss.
• B.final peril to cause the loss.
• C.most remote cause of the loss.
• D.first peril to cause the loss.

Which of the following is a typical remedy for an insurer when the insured breaches a warranty?

• A.The insurer can sue the insured for breach of contract
• B.The insurer may cancel the contract or refuse to pay a claim
• C.The insurer must continue to provide coverage, but with an increased premium
• D.The insurer is obligated to reduce the payout amount based on the breach

How can an agency relationship be best described?

• A.A person, who has paid another party under a contract, has the right to stand in the place of that other party and avail himself of the rights and remedies of that party.
• B.A person has ratified another party's action.
• C.A person has transferred his obligations under a contract to another party.
• D.A person has the authority to act on behalf of another party.