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CII Examination element of M05 Insurance law - E05 Exam Questions

QUESTION NO: 1
Bill owned a painting which was insured under a policy containing a first refusal clause. The painting was stolen and Bill's claim was settled, but several months later the painting was recovered by the police. As a consequence, what is Bill's position under his insurance policy?
Correct Answer: D
QUESTION NO: 2
For this question more than 1 option is correct. You must select all the correct options to gain the mark. How may double insurance arise?
Correct Answer: A,B
QUESTION NO: 3
For this question more than 1 option is correct. You must select all the correct options to gain the mark. What are the characteristics of a corporation aggregate?
Correct Answer: A,D
QUESTION NO: 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
Correct Answer: A,C
QUESTION NO: 5
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: C,D