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Fundamentals of Insurance - Chapter 14
Automobile Insurance - Statutory Conditions and Endorsements
6
Insurance
Not Applicable
10/02/2012

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Cards

Term
Briefly discuss the key points of the following Statutory Condition:
Prohibited Use by Insured/Others
Definition
Term
Briefly discuss the key points of the following Statutory Condition:
Requirements where Loss or Damage to the Automobile:
a) Time to file notice and proof of loss
Definition
To promptly report all details of the loss to the insurer in writing as are obtainable at the time.
Term
Briefly discuss the key points of the following Statutory Condition:
Requirements where Loss or Damage to the Automobile:
b)Obligations upon insured respecting protection of automobile
Definition
To take all reasonable steps to protect the automobile from further damage.
Term
Briefly discuss the key points of the following Statutory Condition:
Requirements where Loss or Damage to the Automobile:
c) Basis of settlement
Definition
Term
Briefly discuss the key points of the following Statutory Condition:
Requirements where Loss or Damage to the Automobile:
d) Repair or replacement
Definition
Term
Briefly discuss the key points of the following Statutory Condition:
Requirements where Loss or Damage to the Automobile:
e) Disagreement
Definition
If there is disagreement
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