CIP C12 - Chapter 1
What book of the Civil Code of Quebec is concerned with obligations? -
CORRECT ANSWER-book 5
Describe the conditions in which a contract is deemed to have been made "in
province." - CORRECT ANSWER-1. subject of contract is property in the
province
2. resident of province has insurable interest
What nine pieces of information must every policy contain? - CORRECT
ANSWER-1. name of insurer
2. name of insured
3. name of person whom insurance money is payable to
4. amount of premium for the insurance
5. subject matter of insurance
6. indemnity which the insurer is liable
7. the event on the happening of which liability is to accrue
8. effective date of insurance
9. expiry date of insurance
If two appraisers cannot resolve a dispute between an insurer and an insured,
who determines the outcome of the disagreement? - CORRECT ANSWER-an
umpire is assigned
When can a contract term be waived in whole or in part by the insurer? -
CORRECT ANSWER-when a waiver is stated in writing
How may an insurer respond to an unpaid premium? - CORRECT
ANSWER-insurer may terminate contract after giving 15 days notice by
registered mail
How many days must pass after proof of loss before an action may be brought
for recovery of money payable under a contract of insurance? - CORRECT
ANSWER-60 days must pass
What book of the Civil Code of Quebec is concerned with obligations? -
CORRECT ANSWER-book 5
Describe the conditions in which a contract is deemed to have been made "in
province." - CORRECT ANSWER-1. subject of contract is property in the
province
2. resident of province has insurable interest
What nine pieces of information must every policy contain? - CORRECT
ANSWER-1. name of insurer
2. name of insured
3. name of person whom insurance money is payable to
4. amount of premium for the insurance
5. subject matter of insurance
6. indemnity which the insurer is liable
7. the event on the happening of which liability is to accrue
8. effective date of insurance
9. expiry date of insurance
If two appraisers cannot resolve a dispute between an insurer and an insured,
who determines the outcome of the disagreement? - CORRECT ANSWER-an
umpire is assigned
When can a contract term be waived in whole or in part by the insurer? -
CORRECT ANSWER-when a waiver is stated in writing
How may an insurer respond to an unpaid premium? - CORRECT
ANSWER-insurer may terminate contract after giving 15 days notice by
registered mail
How many days must pass after proof of loss before an action may be brought
for recovery of money payable under a contract of insurance? - CORRECT
ANSWER-60 days must pass
