Online Access Free M05 Practice Test

The branch of law particularly relevant when handling negligence claims is

• A.civil law.
• B.constitutional law.
• C.administrative.
• D.public law.

Which of the following is true regarding the insurable interest in life insurance?

• A.The policyholder must have a financial interest in the life of the person insured
• B.The policyholder must have a financial interest in the property of the person insured
• C.Insurable interest is not required for life insurance policies
• D.Insurable interest is required only at the time the policy is issued

As a result of a breach of good faith under a commercial insurance policy, the insurer avoided the policy as a whole, but was NOT permitted to retain the premium because

• A.no claim had been submitted or paid.
• B.the misrepresentation was fraudulent.
• C.the misrepresentation was innocent.
• D.the premium was paid by monthly installments.

Which of the following is an example of a condition precedent in an insurance contract?

• A.The insurer must provide coverage for accidental damage
• B.The insured must pay the premium
• C.The insured must maintain the insured item in good condition
• D.The insurer is required to pay claims for theft

Which body represents the solicitors' profession in England and Wales?

• A.Bar Council.
• B.The Faculty of Advocates.
• C.The Law Society.
• D.The Solicitors Regulation Authority.