Hint questions Flashcards
1
Q
Contra proferentem
A
Against the one bringing it forward
2
Q
Why does Contra proferentem exist?
A
To prevent the insurers from leaving ambiguity in the contract
3
Q
Who does indemnity apply to?
A
Insured and the insurer
4
Q
What percentage needs to be insured to get full rebuild value
A
85% insured
5
Q
What policies does the CICA apply to
A
Contracts with less than €3 million in turn over to non-life and life
6
Q
First party claim
A
When you claim off your insurance
