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Insurance

Unit: Introduction to Law and Governance

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August 2025

 1 Questions
Question 5b
​​Discuss FIVE ways how the principle of indemnity in insurance applies to different types of insurance policies.


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April 2025

 1 Questions
Question 6b
​​Outline SIX functions of the insurance regulatory authority in your country.


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December 2024

 1 Questions
Question 4c
​​Explain SIX duties of an insurer in an insurance contract.


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August 2024

 2 Questions
Question 3b
​​Examine FOUR elements of insurable risk.


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Question 2b
​​State SIX principles of insurance.


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December 2023

 1 Questions
Question 1c
​​In relation to the principle of insurable interest, identify FIVE categories of persons who have an insurable interest in the life of other people.


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August 2023

 1 Questions
Question 5a
​​Describe the following principles:

(i) Utmost good faith with reference to insurance contracts.

(ii) Adverse possession with reference to ownership of land.


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April 2023

 1 Questions
Question 7b
​​In relation to the law of insurance, the insurer is not bound to accept the offer, however, if the insurer accepts the offer, it signifies a contractual relationship between the two parties.

With reference to the above statement:

(i) List any FOUR particulars in a proposal form.

(ii) State FOUR ways the insurer may signify acceptance of the proposal form.


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December 2022

 1 Questions
Question 7b
​​In relation to the law of insurance, describe FOUR conditions which must exist for an insurer to be entitled to contribution.


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August 2022

 1 Questions
Question 6a
​​Explain six circumstances under which an insurance contract might be terminated.


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April 2022

 1 Questions
Question 6c
​​With reference to the Law of Insurance:

(i) Outline six basic principles that must be met in insurance.

(ii) Identify two types of marine policies.


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Pilot December 2021

 1 Questions
Question 4c
​​Describe four functions of Insurance Regulatory Authority.


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December 2021

 2 Questions
Question 7c
​​Identify six types of information to be provided for a life insurance cover.


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Question 7b
​​Enumerate four documents that might be required to accompany an application to amalgamate or transfer an insurance business.


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August 2021

 2 Questions
Question 7b
​​Outline four consequences of non-disclosure of material facts in a contract of insurance in your country


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Question 5c
​​With reference to insurance contracts, highlight the two principles that ensure the principle of indemnity is fully applicable.


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May 2021

 1 Questions
Question 3a
​​In relation to the law of insurance: 

(i) Highlight four essential requirements for the contract to exist. 

(ii) List six principles of a contract of insurance, apart from the essentials of a valid contract.


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November 2020

 1 Questions
Question 5b
​​In relation to the law of insurance: 

(i) Define the term "subrogation". 

(ii) Discuss the concept of the law of large numbers as a principle of insurance.


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November 2019

 1 Questions
Question 4b
​​With reference to the law of insurance: 

(i) Summarise four circumstances under which the duty of disclosure is justified. 

(ii) Outline four conditions that must be met for the principle of "contribution" to apply.


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May 2019

 1 Questions
Question 7a
​​Explain the concept of causa proxima (proximate cause) as a principle of insurance.


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November 2018

 1 Questions
Question 7b
​​​Explain four ways in which an insurance contract could be classified.


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May 2018

 1 Questions
Question 7a
​​(i) Highlight five duties of an insurer in a contract of insurance. 

(ii) State five ways through which an insurance contract might be terminated.


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November 2017

 1 Questions
Question 2b
​​(i) Summarise three basic principles of insurance.
(ii) Explain the meaning of the principle of double insurance.


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May 2017

 1 Questions
Question 7a
​​With specific reference to the contract of insurance

(i) Highlight six essentials of an insurance contract.

(ii) State four types of marine insurance policies


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November 2016

 1 Questions
Question 6c
​​With reference to the law of insurance: 

(i) Describe three grounds upon which the duty of disclosure is justified. 

(ii) Identify two principles of insurance that support the main principle of subrogation.


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May 2016

 1 Questions
Question 6b
​​With reference to the law of insurance: 

(i) Distinguish between "perils" and "hazards". 

(ii) Discuss four elements that an insurable risk ought to possess.


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November 2015

 1 Questions
Question 6a
​​With reference to the law of insurance, explain four grounds upon which the duty of disclosure is justified. (


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Pilot September 2015

 1 Questions
Question 7a
​​(i) Distinguish between "assurance" and "insurance". 

(ii) In every contract of insurance, the insured has a duty to disclose all material information to the insurer at the time of taking out the policy of insurance. 

Explain the information that need not be disclosed.


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