CII IF3 Practice Questions - CII IF3 Insurance Underwriting Process Exam

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Under the proportionate remedies of the Insurance Act 2015, if a careless breach means the insurer would have charged double the premium, a claim is typically settled by:

Paying the claim in full Paying half of what would otherwise be payable Refusing the claim entirely Paying the claim plus the extra premium

Correct Answer:

Paying half of what would otherwise be payable

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