The policyholder who initiates a claim

A family member of the policyholder

A person who suffers a loss or injury caused by the policyholder’s actions

An insurance broker acting on behalf of a client

moral hazard.

physical hazard.

fundamental risk.

pure risk.

most dominant cause of the loss.

most remote cause of the loss.

first peril to cause the loss.

final peril to cause the loss.

The Companies Act 2006

The Financial Services and Markets Act 2000

The Insurance Act 2015

The Consumer Insurance (Disclosure and Representations) Act 2012

A warranty is a condition precedent to liability.

A warranty allows the insurer to increase premiums.

A warranty makes the contract voidable by the insured.

A warranty must be fulfilled by the insurer.

When fraud or arson by the insured is suspected.

Where the building was destroyed by an explosion.

Where there is underinsurance.

Upon the request of any person(s) interested in the buildings.

To act as a middleman between the insurer and the insured, negotiating the terms of the policy

To provide legal advice and act as a lawyer for the insured

To ensure the insurer complies with all regulatory requirements

To pay insurance premiums on behalf of the insured

Any facts which are considered material to the risk.

Only those facts considered likely to reduce the cost of cover

Any facts which are in the public domain.

Any facts of law.

The policyholder must have a financial stake in the property or event insured at the time of loss

The policyholder must have an interest in the property at the time of policy purchase but not at the time of loss

Insurable interest is only required for life insurance policies

Insurable interest must always be proven at the time the policy is issued

It is always a contract of adhesion

It requires both parties to meet in person

It involves a promise of a return on investment

It must be written in a formal language