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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?