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Updated: Sep 29, 2026
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| Section | Weight | Objectives |
|---|---|---|
| English Legal System and Basic Concepts | 10% | - Nature and sources of law
|
| Law of Agency | 8% | - Authority, duties, rights and liabilities
|
| Formation of Insurance Contracts | 18% | - Utmost good faith, disclosure, representation
|
| Law of Torts | 8% | - Principles of tort liability
|
| Terms and Interpretation of Insurance Contracts | 16% | - Conditions, warranties, exceptions
|
| Legislation and Regulation | 14% | - Consumer protection, data protection, FCA/PRA rules
|
| Claims and Loss Settlement | 14% | - Notification, proof of loss, measure of indemnity
|
| Law of Contract | 12% | - Formation of contract
|
In the context of insurance law, who is considered a third-party claimant?
Correct Answer: C 🗳️
Explanation: Only visible for BraindumpsVCE members. You can sign-up / login (it's free).
Why may an insurer insert a continuing warranty into an insurance policy?
Correct Answer: B 🗳️
A person insures her own life under a life insurance policy but does so expressly for the benefit of another. To facilitate this, which type of arrangement is most commonly established?
Correct Answer: B 🗳️
According to statute, a term under a consumer personal accident insurance policy may potentially be considered unfair if the insurer
Correct Answer: D 🗳️
Which of the following is a characteristic of a contract of insurance?
Correct Answer: D 🗳️
Explanation: Only visible for BraindumpsVCE members. You can sign-up / login (it's free).
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