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C81 - 4 > Insurance Practice > Flashcards

Insurance Practice Flashcards

1
Q

Contract of insurance is said to be…

A

Personal Contract

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2
Q

Automatic consent

A

Bankruptcy
Operation of law (divorce)
Death
Succession (willed)

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3
Q

Insurance cancelled by insurer

A

Pro-rata

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4
Q

Insurance cancelled by insured

A

Short rate

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5
Q

The policy never existed

A

Void

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C81 - 4 (4 decks)

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