Requirements for Valid Insurance Contracts
Authored by Enhle Langa
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6 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the requirements for a valid insurance contract?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
Who are the parties to the insurance contract?
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3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the nature of the interest required in indemnity insurance?
Financial interest
Emotional interest
Social interest
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When is the insurable interest required in indemnity insurance?
At the time of the contract
At the time of loss
At the time of claim
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the nature of the interest required in capital (non-indemnity) insurance?
Unlimited interest
Limited interest
Conditional interest
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When is the interest required in capital (non-indemnity) insurance?
At the time the contract is concluded
At the time of loss
At the time of claim
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