2018/2019

Question 1

The final court of appeal for a number of commonwealth countries is the

Answer 1

Judicial Committee of the Privy Council.

Question 2

Under English law, an element of statutory control over the wording of consumer insurance policies
is imposed by the

Answer 2

Consumer Rights Act 2015.

Question 3

Ian’s speedboat suffered damage during a storm. The insurer identified that a design fault on the
boat was a second and concurrent cause of the damage. Neither the storm nor the design fault
would have caused the loss on its own. Ian’s marine insurance policy provided cover against storm
damage but the design fault was an uninsured peril. How, if at all, would Ian’s insurer be liable for
the claim?

Answer 3

It would be liable for the claim in full.

Question 4

Which type of insurance CANNOT have its annual limit of liability exhausted by a series of partial
losses?

Answer 4

Motor third party bodily injury cover.

Question 5

A 17-year-old in full-time education can

Answer 5

• Be fully responsible for his criminal actions.

- Be a beneficiary of a trust.

Question 6

In contract law, acceptance of an offer

Answer 6

may be implied by conduct.

must exactly match the terms of the offer.

Question 7

An agency will be automatically terminated

Answer 7

• By lapse of time if the agreement was created for a specific period of time.
• By mutual agreement of the parties.
• By performance of the task specified in the agreement.
• On death of the principal.

Question 8

Common law rules for the interpretation of insurance policies include the

Answer 8

• application of a technical or legal meaning.

- contra proferentum rule.

Question 9

What legal remedies, are available to an insured who has suffered a loss as a result of an insurer’s
unreasonably late payment of a claim?

Answer 9

• Contractual damages.

- Interest on any sums due under the policy.