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IF1 Case studies questions & answers graded A+ already passed
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IF1 Case studies questions & answers graded A+ already passed
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IF1 Case studies questions & answersgraded A+ already passed
Settled Land Act 1925 - correct answer ✔✔statutes makes tenants responsible for the upkeep of the
buildings they occupy, giving them an insurable interest
Life Assurance Act 1774 - correct answer ✔✔Requires that the policy should contain the name of the
person interested in it
Hotel Proprietors Act 1956 & Trustee Act 1925 - correct answer ✔✔statute restricting liability and
therefore insurable interest
Lucena v. Craufurd 1806 - correct answer ✔✔The expectation of acquiring insurable interest at some
time in the future is not enough to create insurable interest
Test-Achats judgement - correct answer ✔✔Cannot use gender as a factor in pricing/benefits
Legislative Reform (Lloyd's) Order 2008 - correct answer ✔✔Non Lloyd's broker can now place business
in Lloyd's
Household Fire Insurance v Grant - correct answer ✔✔Acceptance complete on posting, even if lost and
never arrives
Insurance Act 2015 - correct answer ✔✔Duty of fair presentation and disclosure for all claims
CIDRA 2012 - correct answer ✔✔consumers must take reasonable care not to make a misrepresentation
to their insurers and the pre-contractual duty of disclosure for consumers was abolished.
Pawsey v Scottish Union 1907 - correct answer ✔✔Proximate cause is the active, efficient clause
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