When, if at all, does the duty of fair presentation of a risk apply after a non-consumer insurance contract has been formed?

• A.From the date of a breach of warranty.
• B.On submission of a claim.
• C.It does not apply as the duty is to take reasonable care not to make a misrepresentation.
• D.Where there is a variation in the insured risk.

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A professional indemnity policy includes a condition requiring that the insured must give prompt notice of any circumstance that could give rise to a claim. What type of condition is this?

• A.A condition precedent to liability.
• B.A condition precedent to the contract.
• C.A collateral condition.
• D.A suspensive condition.

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The branch of law particularly relevant when handling negligence claims is

• A.public law.
• B.civil law.
• C.administrative.
• D.constitutional law.

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What are the main objectives of the principle of insurable interest?

• A.To reduce physical hazard and to discourage profiteering.
• B.To reduce moral hazard and to discourage profiteering.
• C.To reduce moral hazard and to discourage wagering.
• D.To reduce physical hazard and to discourage wagering.

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Within what time period, from the date when the damage first began, does the owner of an office block have a right to sue the builder for negligent construction work?

• A.9 years.
• B.6 years.
• C.3 years.
• D.15 years.

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