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Principles of insurance MCQs with Answers

Practise Principles of insurance and check your answers.

Question 1

The principle of uberrimae fidei refers to:

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Question 2

Which of the following is an uninsurable risk?

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Question 3

Which of the following is NOT a principle of an Insurance Contract?

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Question 4

Consider these statements about uberrima fides:

  1. It denotes utmost good faith.
  2. Every contract is necessarily a contract of utmost good faith in this special sense.
  3. An insurance contract is an example of a contract of utmost good faith.

Which statements are correct?

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Question 5

Which statement best describes the nature of ordinary life insurance?

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Question 6

How does section 1 of the Marine Insurance Act 1906 classify an English marine policy covering loss of the insured cargo?

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Question 7

A fire insurance policy promises to reimburse the insured’s actual covered property loss, within the policy limit. Which principle explains why the insured cannot recover more than the covered loss?

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Question 8

In insurance law, what does the expression ‘uberrimae fidei’ mean?

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Practise for these exams

  • CUET PG Law (LL.M.)

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