Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

2024 PreWeek Commercial > Insurance Law 2024 > Flashcards

Insurance Law 2024 Flashcards

1
Q

Basic Concepts of Insurance

1.5
Definition

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Basic Concepts of Insurance

2.5
Elements of the contract of Insurance

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Basic Concepts of Insurance

3.5
Characteristics of Insurance Contracts

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Basic Concepts of Insurance

4.5
Classes of Insurance

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Basic Concepts of Insurance

5.5
Interpretation of Insurance contract
- General Rule
- Exception

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Insurable Interest

1.6
Concept of Insurable interest

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Insurable Interest

2.6
Necessity

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Insurable Interest

3.6
Insurable Interest in Life/Health

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Insurable Interest

4.6
Insurable interest in Property

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Insurable Interest

5.6
When Insurable Interest must Exist

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Insurable Interest

6.6
Rationale for fixing the time when insurable interest on property must Exist

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Double Insurance and over Insurance

1.3
Concept of Double Insurance and Over Insurance

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Double Insurance and over Insurance

2.3
Requisites of Double Insurance

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Double Insurance and over Insurance

3.3
Rationale why Double Insurance may be prohibited in the Policy

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Premium

1.4
Definition

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Premium

2.4
Effect of Non-payment of Premium

A
17
Q

Premium

3.4
Definition
Effect of Acceptance of Premium

A
18
Q

Premium

4.4
Definition
Refund of Premiums

A

2024 PreWeek Commercial (16 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions