BIBF Professional Award For Specialist Insurance Practitioner Practice Questions - BIBF Professional Award For Specialist Insurance Practitioner (PASIP) Exam

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Under insurance contract law, what is the doctrine of 'Estoppel' (or Waiver)?
Correct Answer:
A legal rule preventing an insurer from asserting a contractual right or defense (such as a policy exclusion or late notice) if the insurer has previously acted in a manner that led the insured to reasonably believe that right would not be enforced

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