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Q 1/4
Score 0
Katharine is storing a piano at her house for her friend Helen. Can she add the piano to her household insurance?
300
No, Helen has to take out insurance in her own name to keep the piano at Katharines House
Yes, if Helen temporarily transfers ownership to her so that she has an insurable interest
No, because she does not legally own the piano so she does not have an insurable interest
Yes, because the piano is in her safekeeping so she has an insurable interest
Q 2/4
Score 0
When an insurer places the risk of suffering a loss with a reinsurer what is their financial interest in the original insurance called?
300
The subject matter of the reinsurance
The subject matter of the insurance
The subject matter of the contract and the insurance
The subject matter of the contract
4 questions
Q.
Katharine is storing a piano at her house for her friend Helen. Can she add the piano to her household insurance?
1
300 sec
Q.
When an insurer places the risk of suffering a loss with a reinsurer what is their financial interest in the original insurance called?
2
300 sec
Q.
When must insurable interest exist in life assurance contracts?
3
300 sec
Q.
Jenna paid a deposit of £55,000 for her £220,000 three bedroomed semi. She has a mortgage with ABC bank for the rest. What is the financial value of ABC’s insurable mortgage with ABC bank for the rest. What is the financial value of ABC’s insurable interest in Jenna’s house?
