Insurance Law Canada

1, Explain the doctrine of indemnity, and use examples to support your answer?

ANSWER:

2, How does the concept of subrogation work in strata homes - condominiums, and use examples to support your answer?

ANSWER:

3, List 4 perils or crises that would normally fall outside of a standard home insurance policy?

ANSWER:

4, Describe the following 2 concepts in the area of worker's compensation and serious injury, illness or death: 1. "during the course of employment"; and 2. "work-related injury".

ANSWER:

5, List 4 problems that can arise for a homeowner who is hosting a group of people?

ANSWER:

6, Discuss why a business owner should consult a lawyer or their paralegal, and also an insurer, in order to set in place risk allocation and protect the business?

ANSWER:

7, Explain "privity of contract" (2 marks) withtwoexamples as exception to the Privity Rule (2 marks)?

ANSWER:

8, Mention 4 ways an insurance contract can come to an end and briefly explain each?

ANSWER:

9, Explain the concept of insurance premium (2 marks) and 2 reasons why a client's premium can increase?

ANSWER:

10, Explain the duties and responsibilities of principals and agents in the insurance industry?

ANSWER: