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Examination element of M05 Insurance law

Last Update 16 hours ago Total Questions : 50

The Examination element of M05 Insurance law content is now fully updated, with all current exam questions added 16 hours ago. Deciding to include E05 practice exam questions in your study plan goes far beyond basic test preparation.

You'll find that our E05 exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these E05 sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any Examination element of M05 Insurance law practice test comfortably within the allotted time.

Question # 4

For this question more than 1 option is correct. You must select all the correct options to gain the mark. In a consumer insurance policy, a warranty can arise as

A.

an express term.

B.

a continuing warranty.

C.

an exception clause.

D.

a basis of the contract clause.

Question # 5

For this question more than 1 option is correct. You must select all the correct options to gain the mark. What are the main sources of new English Law?

A.

International treaties.

B.

Case law.

C.

Legislation.

D.

Official law reports.

Question # 6

In the tort of negligence, a primary victim of nervous shock is a class of person who suffers psychiatric injury

A.

through fear for his own safety in an accident.

B.

through fear for the safety of another person involved in an accident which he witnessed.

C.

as a result of stress or harassment at work.

D.

as a result of grief or sorrow for the loss of a person with whom he had a close relationship.

Question # 7

Insurance agencies are usually created by way of

A.

implied agreement.

B.

unilateral agreement.

C.

express agreement.

D.

deed of agreement.

Question # 8

Who is entitled to the surplus if a subrogation recovery from a negligent third party is greater than the amount the insurer has paid to the insured?

A.

The insured only.

B.

The insurer only.

C.

The State

D.

It is shared between the insurer and the insured.

Question # 9

A warranty in Emily ' s personal travel insurance policy states that cash must be kept in a locked safe. Whilst on holiday, a storm destroys her hotel and its contents. When Emily completes a claim form for loss of money, she admits that her cash was NOT locked in the safe. What will be the insurer ' s likely response to her claim for the lost money?

A.

Pay the claim in full.

B.

Reject the claim for breach of warranty.

C.

Make an ex-gratia payment.

D.

Avoid the policy ab initio.

Question # 10

According to statute law, an unfair term in a consumer insurance contract is defined as one which

A.

provides insurance where the scope of cover is narrow compared to the premium charged.

B.

causes a significant imbalance in the parties ' rights to the detriment of the consumer.

C.

has been individually negotiated and is to the detriment of either one of the parties.

D.

does not restrict liability for death or personal injury.

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