M05 無料問題集「CII Insurance law (IL)」

（A）Consumers are required to pay for claims made during the policy term.

（B）Consumers must answer questions about their past claims history.

（C）Consumers must choose an insurer based on premium prices alone.

（D）Consumers must disclose all material facts honestly and accurately.

（A）From the date of a breach of warranty.

（B）Where there is a variation in the insured risk.

（C）It does not apply as the duty is to take reasonable care not to make a misrepresentation.

（D）On submission of a claim.

（A）requires notification of a claim within a very short time period.

（B）applies a specific exclusion within the policy wording.

（C）provides coverage that is more restrictive than that of other insurers.

（D）imposes a premium loading.

（A）The insured has performed an action of abandonment.

（B）The insured has sent a formal notice of abandonment.

（C）The constructive total loss of the vessel.

（D）The actual total loss of the vessel.

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

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

（C）through fear for his own safety in an accident.

（D）as a result of stress or harassment at work.

（A）contribution.

（B）subrogation.

（C）good faith.

（D）indemnity.

（A）The doctrine of subrogation is excluded from the policy.

（B）Cover is suspended whilst the insurer pursues an action for subrogation.

（C）The insured has a duty to ensure that the insurer's subrogation rights are maintained.

（D）The insurer's subrogation rights will not be exercised against certain parties associated with the insured.

（A）assigns the contract to a third party.

（B）dies and his estate submits a claim to the insurer.

（C）forms the contract with the insurer.

（D）signs and submits the completed proposal form to the insurer.

（A）The insured must disclose all material facts relevant to the risk.

（B）The insurer must be transparent about the terms of the policy.

（C）The insurer must pay all claims, regardless of the terms of the policy.

（D）Both parties must agree on the premium amount in advance.

（A）To reduce moral hazard and to discourage wagering.

（B）To reduce physical hazard and to discourage wagering.

（C）To reduce physical hazard and to discourage profiteering.

（D）To reduce moral hazard and to discourage profiteering.