CIP 01 Flashcards

1
Q

claims condition stating that all policy benefit is forfeited if a claim is in any way fraudulent or if fraudulent means are used to obtain a benefit, or if wilful damage is caused

A

fraud condition

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2
Q

a risk that arises from social, economic, political or (sometimes) natural causes and is widespread in its effects

A

fundamental risk

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3
Q

a test in which the conduct of the defendant is compared to that of a reasonable person under similar circumstances

A

objective test of reasonableness

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4
Q

refers to how a thing looks on its first appearance

A

prima facie

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5
Q

nuisance in relation to the ownership or occupation of land

A

private nuisance

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6
Q

a desire on the part of an individual or company to minimise the risks to which they are exposed, either through risk management or insurance

A

risk-averse

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