Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
9 Cards in this Set
- Front
- Back
What are Basis of the Contract clauses? |
-These clauses are used to convert the statements made by the insured in a proposal form into warranties - These have been abolished in English contract law. Initially by the Consumer Insurance (Disclosure and Representations) Act 2012 and then by IA15 in business insurance. |
|
What are collateral conditions? |
|
|
What is the effect of a breach of warranty? |
|
|
What is the effect of a breach of other types of conditions? |
|
|
What is in section 11 of the IA15? |
|
|
How do the ICOBS rules apply to the rejection of claims for breach of condition or warranty? |
|
|
What are the rules regarding contracting out of the IA15? |
|
|
Are there special rules for compulsory insurances when it comes to breach of warranty or breach of condition? |
|
|
How do you distinguish between joint and composite policies? |
|