{"id":71605,"date":"2024-01-16T08:06:17","date_gmt":"2024-01-16T08:06:17","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=71605"},"modified":"2024-01-16T08:06:23","modified_gmt":"2024-01-16T08:06:23","slug":"examination-element-of-m05-insurance-law-certification-preparation-latest-e05-exam-dumps-help-you-more","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/examination-element-of-m05-insurance-law-certification-preparation-latest-e05-exam-dumps-help-you-more.html","title":{"rendered":"Examination Element of M05 Insurance Law Certification Preparation &#8211; Latest E05 Exam Dumps Help You More"},"content":{"rendered":"\n<p>The Examination Element of M05 Insurance Law (E05) exam is a crucial step for individuals looking to gain knowledge and understanding of the laws that govern the operation of insurance. The E05 exam not only tests you on your theoretical understanding but also assesses your ability to apply this knowledge to practical situations. Using the preparation materials is essential to ensure that you do not forget what you have studied and learned. We at DumpsBase have the latest E05 exam dumps, which contain 50 practice exam questions and answers to help you more. Practicing with the E05 dumps of DumpsBase can help you familiarize yourselves with the content of the E05 exam. We will enable you to manage your time effectively during the actual examination and increase your chances of success.<\/p>\n<h2>Try to read the <em><span style=\"background-color: #ffff00;\">E05 Free Dumps below<\/span><\/em> to Check the Latest E05 Exam Dumps:<\/h2>\n<script>\n\t  window.fbAsyncInit = function() {\n\t    FB.init({\n\t      appId            : '622169541470367',\n\t      autoLogAppEvents : true,\n\t      xfbml            : true,\n\t      version          : 'v3.1'\n\t    });\n\t  };\n\t\n\t  (function(d, s, id){\n\t     var js, fjs = d.getElementsByTagName(s)[0];\n\t     if (d.getElementById(id)) {return;}\n\t     js = d.createElement(s); js.id = id;\n\t     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n\t     fjs.parentNode.insertBefore(js, fjs);\n\t   }(document, 'script', 'facebook-jssdk'));\n\t<\/script><script type=\"text\/javascript\" >\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \nif(!window.jQuery) alert(\"The important jQuery library is not properly loaded in your site. Your WordPress theme is probably missing the essential wp_head() call. You can switch to another theme and you will see that the plugin works fine and this notice disappears. If you are still not sure what to do you can contact us for help.\");\n});\n<\/script>  \n  \n<div  id=\"watupro_quiz\" class=\"quiz-area single-page-quiz\">\n<p id=\"submittingExam8074\" style=\"display:none;text-align:center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\"><\/p>\n\n<div class=\"watupro-exam-description\" id=\"description-quiz-8074\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-8074\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-304674'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>The final court of appeal for a number of commonwealth countries is the<\/div><input type='hidden' name='question_id[]' id='qID_1' value='304674' \/><input type='hidden' id='answerType304674' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304674[]' id='answer-id-1193843' class='answer   answerof-304674 ' value='1193843'   \/><label for='answer-id-1193843' id='answer-label-1193843' class=' answer'><span>Crown Court.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304674[]' id='answer-id-1193844' class='answer   answerof-304674 ' value='1193844'   \/><label for='answer-id-1193844' id='answer-label-1193844' class=' answer'><span>High Court.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304674[]' id='answer-id-1193845' class='answer   answerof-304674 ' value='1193845'   \/><label for='answer-id-1193845' id='answer-label-1193845' class=' answer'><span>Judicial Committee of the Privy Council.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304674[]' id='answer-id-1193846' class='answer   answerof-304674 ' value='1193846'   \/><label for='answer-id-1193846' id='answer-label-1193846' class=' answer'><span>Supreme Court.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-2' style=';'><div id='questionWrap-2'  class='   watupro-question-id-304675'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>The Marine Insurance Act 1906 is an example of<\/div><input type='hidden' name='question_id[]' id='qID_2' value='304675' \/><input type='hidden' id='answerType304675' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304675[]' id='answer-id-1193847' class='answer   answerof-304675 ' value='1193847'   \/><label for='answer-id-1193847' id='answer-label-1193847' class=' answer'><span>a codifying act.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304675[]' id='answer-id-1193848' class='answer   answerof-304675 ' value='1193848'   \/><label for='answer-id-1193848' id='answer-label-1193848' class=' answer'><span>delegated legislation.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304675[]' id='answer-id-1193849' class='answer   answerof-304675 ' value='1193849'   \/><label for='answer-id-1193849' id='answer-label-1193849' class=' answer'><span>international legislation.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304675[]' id='answer-id-1193850' class='answer   answerof-304675 ' value='1193850'   \/><label for='answer-id-1193850' id='answer-label-1193850' class=' answer'><span>a retrospective act.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-3' style=';'><div id='questionWrap-3'  class='   watupro-question-id-304676'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>A \u2018litigation friend\u2019 (\u2018next friend\u2019) is responsible for litigation costs awarded against a claimant who is a<\/div><input type='hidden' name='question_id[]' id='qID_3' value='304676' \/><input type='hidden' id='answerType304676' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304676[]' id='answer-id-1193851' class='answer   answerof-304676 ' value='1193851'   \/><label for='answer-id-1193851' id='answer-label-1193851' class=' answer'><span>bankrupt.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304676[]' id='answer-id-1193852' class='answer   answerof-304676 ' value='1193852'   \/><label for='answer-id-1193852' id='answer-label-1193852' class=' answer'><span>company.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304676[]' id='answer-id-1193853' class='answer   answerof-304676 ' value='1193853'   \/><label for='answer-id-1193853' id='answer-label-1193853' class=' answer'><span>partnership.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304676[]' id='answer-id-1193854' class='answer   answerof-304676 ' value='1193854'   \/><label for='answer-id-1193854' id='answer-label-1193854' class=' answer'><span>minor.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-4' style=';'><div id='questionWrap-4'  class='   watupro-question-id-304677'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>The rule in Rylands v Fletcher may apply when there is<\/div><input type='hidden' name='question_id[]' id='qID_4' value='304677' \/><input type='hidden' id='answerType304677' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304677[]' id='answer-id-1193855' class='answer   answerof-304677 ' value='1193855'   \/><label for='answer-id-1193855' id='answer-label-1193855' class=' answer'><span>a defamatory statement.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304677[]' id='answer-id-1193856' class='answer   answerof-304677 ' value='1193856'   \/><label for='answer-id-1193856' id='answer-label-1193856' class=' answer'><span>fault or negligence by the defendant.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304677[]' id='answer-id-1193857' class='answer   answerof-304677 ' value='1193857'   \/><label for='answer-id-1193857' id='answer-label-1193857' class=' answer'><span>a negligent misstatement.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304677[]' id='answer-id-1193858' class='answer   answerof-304677 ' value='1193858'   \/><label for='answer-id-1193858' id='answer-label-1193858' class=' answer'><span>an escape of a dangerous thing from the defendant\u2019s land.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-5' style=';'><div id='questionWrap-5'  class='   watupro-question-id-304678'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>For which tort is the claimant never required to prove that he has suffered loss or damage?<\/div><input type='hidden' name='question_id[]' id='qID_5' value='304678' \/><input type='hidden' id='answerType304678' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304678[]' id='answer-id-1193859' class='answer   answerof-304678 ' value='1193859'   \/><label for='answer-id-1193859' id='answer-label-1193859' class=' answer'><span>Negligence.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304678[]' id='answer-id-1193860' class='answer   answerof-304678 ' value='1193860'   \/><label for='answer-id-1193860' id='answer-label-1193860' class=' answer'><span>Nuisance.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304678[]' id='answer-id-1193861' class='answer   answerof-304678 ' value='1193861'   \/><label for='answer-id-1193861' id='answer-label-1193861' class=' answer'><span>Slander.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304678[]' id='answer-id-1193862' class='answer   answerof-304678 ' value='1193862'   \/><label for='answer-id-1193862' id='answer-label-1193862' class=' answer'><span>Trespass.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-6' style=';'><div id='questionWrap-6'  class='   watupro-question-id-304679'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>Katy\u2019s mother bought her an iron, which turned out to be defective and caused a fire. It resulted in damage to Katy\u2019s personal property amounting to &pound;500 and also caused severe burns to Katy\u2019s right hand. <br \/>\r<br>In order to achieve a recovery at law, which legal action should be pursued?<\/div><input type='hidden' name='question_id[]' id='qID_6' value='304679' \/><input type='hidden' id='answerType304679' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304679[]' id='answer-id-1193863' class='answer   answerof-304679 ' value='1193863'   \/><label for='answer-id-1193863' id='answer-label-1193863' class=' answer'><span>Katy\u2019s mother should sue the seller in tort based on the principle of negligence.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304679[]' id='answer-id-1193864' class='answer   answerof-304679 ' value='1193864'   \/><label for='answer-id-1193864' id='answer-label-1193864' class=' answer'><span>Katy should sue her mother based on the principle of vicarious liability.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304679[]' id='answer-id-1193865' class='answer   answerof-304679 ' value='1193865'   \/><label for='answer-id-1193865' id='answer-label-1193865' class=' answer'><span>Katy should sue the manufacturer based on the provisions of the Consumer Protection Act 1987.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304679[]' id='answer-id-1193866' class='answer   answerof-304679 ' value='1193866'   \/><label for='answer-id-1193866' id='answer-label-1193866' class=' answer'><span>Katy should sue the seller for breach of contract in selling a defective electrical product.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-7' style=';'><div id='questionWrap-7'  class='   watupro-question-id-304680'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>An insurance policy would be illegal and void if it is<\/div><input type='hidden' name='question_id[]' id='qID_7' value='304680' \/><input type='hidden' id='answerType304680' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304680[]' id='answer-id-1193867' class='answer   answerof-304680 ' value='1193867'   \/><label for='answer-id-1193867' id='answer-label-1193867' class=' answer'><span>an employer\u2019s liability policy for a company without any employees.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304680[]' id='answer-id-1193868' class='answer   answerof-304680 ' value='1193868'   \/><label for='answer-id-1193868' id='answer-label-1193868' class=' answer'><span>a household contents policy insuring a gun collection.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304680[]' id='answer-id-1193869' class='answer   answerof-304680 ' value='1193869'   \/><label for='answer-id-1193869' id='answer-label-1193869' class=' answer'><span>a products liability policy covering fines for health and safety breaches.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304680[]' id='answer-id-1193870' class='answer   answerof-304680 ' value='1193870'   \/><label for='answer-id-1193870' id='answer-label-1193870' class=' answer'><span>a marine cargo policy taken out by a person who is not the owner of the cargo.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-8' style=';'><div id='questionWrap-8'  class='   watupro-question-id-304681'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>With regard to formation of a contract, consideration must always be a<\/div><input type='hidden' name='question_id[]' id='qID_8' value='304681' \/><input type='hidden' id='answerType304681' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304681[]' id='answer-id-1193871' class='answer   answerof-304681 ' value='1193871'   \/><label for='answer-id-1193871' id='answer-label-1193871' class=' answer'><span>benefit to the person receiving it or a detriment to the person giving it.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304681[]' id='answer-id-1193872' class='answer   answerof-304681 ' value='1193872'   \/><label for='answer-id-1193872' id='answer-label-1193872' class=' answer'><span>detriment to the person receiving it or a benefit to the person giving it.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304681[]' id='answer-id-1193873' class='answer   answerof-304681 ' value='1193873'   \/><label for='answer-id-1193873' id='answer-label-1193873' class=' answer'><span>benefit to both the person giving it and the person receiving it.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304681[]' id='answer-id-1193874' class='answer   answerof-304681 ' value='1193874'   \/><label for='answer-id-1193874' id='answer-label-1193874' class=' answer'><span>detriment to both the person giving it and the person receiving it.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-9' style=';'><div id='questionWrap-9'  class='   watupro-question-id-304682'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>Adam had a contract with a specialist storage company to store some valuable paintings, but damp storage conditions resulted in damage to the paintings. Although Adam\u2019s contract did NOT expressly state the storage requirements had to be suitable, he successfully sued the storage company on the basis that the contract terms were implied<\/div><input type='hidden' name='question_id[]' id='qID_9' value='304682' \/><input type='hidden' id='answerType304682' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304682[]' id='answer-id-1193875' class='answer   answerof-304682 ' value='1193875'   \/><label for='answer-id-1193875' id='answer-label-1193875' class=' answer'><span>by custom.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304682[]' id='answer-id-1193876' class='answer   answerof-304682 ' value='1193876'   \/><label for='answer-id-1193876' id='answer-label-1193876' class=' answer'><span>by promissory estoppel.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304682[]' id='answer-id-1193877' class='answer   answerof-304682 ' value='1193877'   \/><label for='answer-id-1193877' id='answer-label-1193877' class=' answer'><span>in fact.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304682[]' id='answer-id-1193878' class='answer   answerof-304682 ' value='1193878'   \/><label for='answer-id-1193878' id='answer-label-1193878' class=' answer'><span>in law.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-10' style=';'><div id='questionWrap-10'  class='   watupro-question-id-304683'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>An insurance broker grants cover for motor insurance to a 21-year-old proposer. However, the broker\u2019s authority is restricted to only granting cover to drivers aged 23 years and over. <br \/>\r<br>What basis, if at all, is the insurer bound to cover the 21-year-old?<\/div><input type='hidden' name='question_id[]' id='qID_10' value='304683' \/><input type='hidden' id='answerType304683' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304683[]' id='answer-id-1193879' class='answer   answerof-304683 ' value='1193879'   \/><label for='answer-id-1193879' id='answer-label-1193879' class=' answer'><span>Agency by estoppel.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304683[]' id='answer-id-1193880' class='answer   answerof-304683 ' value='1193880'   \/><label for='answer-id-1193880' id='answer-label-1193880' class=' answer'><span>Apparent authority.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304683[]' id='answer-id-1193881' class='answer   answerof-304683 ' value='1193881'   \/><label for='answer-id-1193881' id='answer-label-1193881' class=' answer'><span>Implied actual authority.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304683[]' id='answer-id-1193882' class='answer   answerof-304683 ' value='1193882'   \/><label for='answer-id-1193882' id='answer-label-1193882' class=' answer'><span>The insurer is not bound.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-11' style=';'><div id='questionWrap-11'  class='   watupro-question-id-304684'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>Whilst Tim was on holiday, unknown to him his agent made a contract on his behalf. Tim is happy to ratify the contract but he does want to change a minor term. The services under the contract are scheduled to be carried out next week. <br \/>\r<br>What is the legal position regarding ratification of the contract?<\/div><input type='hidden' name='question_id[]' id='qID_11' value='304684' \/><input type='hidden' id='answerType304684' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304684[]' id='answer-id-1193883' class='answer   answerof-304684 ' value='1193883'   \/><label for='answer-id-1193883' id='answer-label-1193883' class=' answer'><span>Tim cannot ratify the contract as it was made without his knowledge.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304684[]' id='answer-id-1193884' class='answer   answerof-304684 ' value='1193884'   \/><label for='answer-id-1193884' id='answer-label-1193884' class=' answer'><span>Tim cannot ratify the contract excluding the minor term as the whole contract must be ratified.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304684[]' id='answer-id-1193885' class='answer   answerof-304684 ' value='1193885'   \/><label for='answer-id-1193885' id='answer-label-1193885' class=' answer'><span>Tim can ratify the contract and change the term as it is only a minor term.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304684[]' id='answer-id-1193886' class='answer   answerof-304684 ' value='1193886'   \/><label for='answer-id-1193886' id='answer-label-1193886' class=' answer'><span>Tim can ratify the contract and change the minor term if this is done within reasonable time.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-12' style=';'><div id='questionWrap-12'  class='   watupro-question-id-304685'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>Alice acted as an agent for Ted in a house clearance sale and has successfully claimed commission by implied agreement. What does this indicate about the commission?<\/div><input type='hidden' name='question_id[]' id='qID_12' value='304685' \/><input type='hidden' id='answerType304685' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304685[]' id='answer-id-1193887' class='answer   answerof-304685 ' value='1193887'   \/><label for='answer-id-1193887' id='answer-label-1193887' class=' answer'><span>It was agreed as it was based on a verbal agreement.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304685[]' id='answer-id-1193888' class='answer   answerof-304685 ' value='1193888'   \/><label for='answer-id-1193888' id='answer-label-1193888' class=' answer'><span>It was agreed as it was detailed in an agency contract.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304685[]' id='answer-id-1193889' class='answer   answerof-304685 ' value='1193889'   \/><label for='answer-id-1193889' id='answer-label-1193889' class=' answer'><span>It was not agreed, but Alice had a lien on Ted\u2019s property.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304685[]' id='answer-id-1193890' class='answer   answerof-304685 ' value='1193890'   \/><label for='answer-id-1193890' id='answer-label-1193890' class=' answer'><span>It was not agreed, but Alice\u2019s work was in her usual line of business for which she would normally be paid.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-13' style=';'><div id='questionWrap-13'  class='   watupro-question-id-304686'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>In respect of consumer insurance contracts, the duty of utmost good faith means that the<\/div><input type='hidden' name='question_id[]' id='qID_13' value='304686' \/><input type='hidden' id='answerType304686' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304686[]' id='answer-id-1193891' class='answer   answerof-304686 ' value='1193891'   \/><label for='answer-id-1193891' id='answer-label-1193891' class=' answer'><span>broker has a duty to the proposer to find the widest coverage at the best price.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304686[]' id='answer-id-1193892' class='answer   answerof-304686 ' value='1193892'   \/><label for='answer-id-1193892' id='answer-label-1193892' class=' answer'><span>broker and the insurer have a duty of confidentiality regarding contract information.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304686[]' id='answer-id-1193893' class='answer   answerof-304686 ' value='1193893'   \/><label for='answer-id-1193893' id='answer-label-1193893' class=' answer'><span>proposer has a duty to disclose all material facts relating to the contract.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304686[]' id='answer-id-1193894' class='answer   answerof-304686 ' value='1193894'   \/><label for='answer-id-1193894' id='answer-label-1193894' class=' answer'><span>proposer and the insurer have a duty to deal honestly and openly in negotiations leading to formation of the contract.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-14' style=';'><div id='questionWrap-14'  class='   watupro-question-id-304687'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>Stuart has a joint mortgage with his wife of &pound;60,000 and a personal loan of &pound;5,000, but no other debts. How much insurable interest does his wife have in his life?<\/div><input type='hidden' name='question_id[]' id='qID_14' value='304687' \/><input type='hidden' id='answerType304687' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304687[]' id='answer-id-1193895' class='answer   answerof-304687 ' value='1193895'   \/><label for='answer-id-1193895' id='answer-label-1193895' class=' answer'><span>A maximum of &pound;30,000.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304687[]' id='answer-id-1193896' class='answer   answerof-304687 ' value='1193896'   \/><label for='answer-id-1193896' id='answer-label-1193896' class=' answer'><span>A maximum of &pound;60,000.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304687[]' id='answer-id-1193897' class='answer   answerof-304687 ' value='1193897'   \/><label for='answer-id-1193897' id='answer-label-1193897' class=' answer'><span>A maximum of &pound;65,000.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304687[]' id='answer-id-1193898' class='answer   answerof-304687 ' value='1193898'   \/><label for='answer-id-1193898' id='answer-label-1193898' class=' answer'><span>An unlimited amount.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-15' style=';'><div id='questionWrap-15'  class='   watupro-question-id-304688'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>A proposer for property insurance did NOT inform the insurer that his business premises were protected by a burglar alarm. What are the implications, if any, of this omission once the insurer is on risk and the premium is paid?<\/div><input type='hidden' name='question_id[]' id='qID_15' value='304688' \/><input type='hidden' id='answerType304688' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304688[]' id='answer-id-1193899' class='answer   answerof-304688 ' value='1193899'   \/><label for='answer-id-1193899' id='answer-label-1193899' class=' answer'><span>None, as it is a factor that lessens the risk.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304688[]' id='answer-id-1193900' class='answer   answerof-304688 ' value='1193900'   \/><label for='answer-id-1193900' id='answer-label-1193900' class=' answer'><span>The insurer is obliged to refund a proportion of the premium.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304688[]' id='answer-id-1193901' class='answer   answerof-304688 ' value='1193901'   \/><label for='answer-id-1193901' id='answer-label-1193901' class=' answer'><span>The insurer can avoid the policy for non-disclosure.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-304688[]' id='answer-id-1193902' class='answer   answerof-304688 ' value='1193902'   \/><label for='answer-id-1193902' id='answer-label-1193902' class=' answer'><span>The insurer is obliged to quote revised premium terms to the proposer.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div style='display:none' id='question-16'>\n\t<div class='question-content'>\n\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading...\" title=\"Loading...\" \/>&nbsp;Loading...\t<\/div>\n<\/div>\n\n<br \/>\n\t\n\t\t\t<div class=\"watupro_buttons flex \" id=\"watuPROButtons8074\" >\n\t\t  <div id=\"prev-question\" style=\"display:none;\"><input type=\"button\" value=\"&lt; 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