Last Updated: Oct 03, 2026
No. of Questions: 52 Questions & Answers with Testing Engine
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| Section | Objectives |
|---|---|
| Law of Torts | - Principles of tort law
|
| Formation of Insurance Contracts | - Insurance contract principles
|
| Law of Agency and Insurance | - Agency relationships
|
| Insurance Claims | - Claims process and legal principles
|
| Indemnity and Measurement of Loss | - Application of indemnity
|
| Insurance Contract Terms and Vitiating Factors | - Policy terms and validity
|
| Nature and Sources of English Law and Natural Legal Persons | - Nature and sources of English law
|
| Law of Contract | - Contract formation and operation
|
| Subrogation and Contribution | - Recovery and sharing of losses
|
For this question more than 1 option is correct. You must select all the correct options to gain the mark.
The Insurance: Conduct of Business sourcebook (ICOBS) rules in respect of claims handling specify that an insurer must
Correct Answer: B,C,D 🗳️
In the tort of negligence, a primary victim of nervous shock is a class of person who suffers psychiatric injury
Correct Answer: B 🗳️
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: B,C 🗳️
A claimant may possibly recover money transferred under an illegal contract when
Correct Answer: A 🗳️
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: B 🗳️
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