CII M98 Practice Questions - CII M98 - Marine Hull And Associated Liabilities Exam

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Under the UK Insurance Act 2015, how is an insurer's liability affected if an express marine warranty is breached by the insured?

Liability is suspended during the period of breach and resumes once the breach has been completely remedied before loss The policy is permanently voided from inception regardless of subsequent remedy The insurer remains fully liable unless the breach was fraudulent The insurer must automatically pay 50% of any subsequent loss

Correct Answer:

Liability is suspended during the period of breach and resumes once the breach has been completely remedied before loss

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