.../1 1.1.1 Meaning of Risk 1.1.2 Classification of Risk 1.1.3 Risk Management 1.2 Functions and Benefits of Insurance 1/4 2. LEGAL PRINCIPLES 2/1 2.1 The Law of Contract 2/1 2.1.1 Definition 2.2 The Law of Agency 2/2 2.2.1 Definition 2.2.2 How Agency Arises 2.2.3 Authority of Agents 2.2.4 Duties Owed...

... regarded as a Gift:- Premium Refund Customers pay the full premium at inception and a certain percentage of the premium is subsequently refunded to the customers in the form of a direct discount to the Page 2 of 9 renewal premium or by credit to the premium deposit account (PDA) solely for offsetting any...

... regarded as a Gift:- Premium Refund Customers pay the full premium at inception and a certain percentage of the premium is subsequently refunded to the customers in the form of a direct discount to the Page 2 of 9 renewal premium or by credit to the premium deposit account (PDA) solely for offsetting any...

... this driver must be an insured driver; otherwise cover will not be available at all (see 1.1(d)(iv)); (B) Driving by a Young driver (usually defined as one below age 25); (C) Driving by an Inexperienced driver (usually defined as one having less than 2 years’ driving experience with a full licence); (D...

... this driver must be an insured driver; otherwise cover will not be available at all (see 1.1(d)(iv)); (B) Driving by a Young driver (usually defined as one below age 25); (C) Driving by an Inexperienced driver (usually defined as one having less than 2 years’ driving experience with a full licence); (D...