- When the insured has not acted utmost good faith and is
discovered hence making the
contract invalid.
-When the risk insured has occurred and compensation paid this
bringing an end to the
contract
- On maturity of the contract, this signifying the end of the policy
agreement.
- If the insured decided to discontinue the contract making the
contract no longer tenable.
- When a court of law order termination of the contract this rendering
its will and void
- When the insurance company is finally wound up
- Due to failure to review the contract this leading to lapse of policy.
- Where the insured ceases to have insurable interest in the property
incase property is sold.
Githiari answered the question on September 20, 2017 at 09:48
- Explain the meaning of the following terms as used in insurance (i) Uberrimae fidei (ii) Indemnity (iii) Third party motor vehicle insurance (iv) Contribution (v) Subrogation(Solved)
Explain the meaning of the following terms as used in insurance
i) Uberrimae fidei
ii) Indemnity
iii) Third party motor vehicle insurance
iv) Contribution.
v) Subrogation
Date posted: September 20, 2017. Answers (1)
- Describe the procedures that should be followed when taking an insurance policy(Solved)
Describe the procedures that should be followed when taking an insurance policy
Date posted: September 20, 2017. Answers (1)
- Outline four factors that a trader would consider in locating a warehouse(Solved)
Outline four factors that a trader would consider in locating a warehouse
Date posted: September 20, 2017. Answers (1)
- State four benefits that a government gets from a bonded warehouse(Solved)
State four benefits that a government gets from a bonded warehouse
Date posted: September 20, 2017. Answers (1)
- State four problems that may interfere with the effectiveness of face to face
communication.(Solved)
State four problems that may interfere with the effectiveness of face to face
communication.
Date posted: September 20, 2017. Answers (1)
- Highlight four factors that may limit the use of telephone as a means of communication
in Kenya.(Solved)
Highlight four factors that may limit the use of telephone as a means of communication
in Kenya.
Date posted: September 20, 2017. Answers (1)
- Give four reasons why a person would send a message by mail rather than by telephone(Solved)
Give four reasons why a person would send a message by mail rather than by telephone
Date posted: September 20, 2017. Answers (1)
- State five services offered by the post office.(Solved)
State five services offered by the post office.
Date posted: September 20, 2017. Answers (1)
- Outline four reasons why a business person may prefer written communication to verbal
communication.(Solved)
Outline four reasons why a business person may prefer written communication to verbal
communication.
Date posted: September 20, 2017. Answers (1)
- Discuss six factors that may discourage the use of pipeline as a means of transporting petroleum
products in a country(Solved)
Discuss six factors that may discourage the use of pipeline as a means of transporting petroleum
products in a country
Date posted: September 20, 2017. Answers (1)
- Explain the advantages of pipeline as a mode of transporting oil products(Solved)
Explain the advantages of pipeline as a mode of transporting oil products
Date posted: September 20, 2017. Answers (1)
- Discuss five factors that have hindered the expansion of railway transport in Kenya.(Solved)
Discuss five factors that have hindered the expansion of railway transport in Kenya.
Date posted: September 20, 2017. Answers (1)
- The oil pipeline has recently been extended from Nairobi to western Kenya. Explain five
benefits that may be accounted to the country from the extension(Solved)
The oil pipeline has recently been extended from Nairobi to western Kenya. Explain five
benefits that may be accounted to the country from the extension
Date posted: September 20, 2017. Answers (1)
- List four ways in which transport promotes growth of trade.(Solved)
List four ways in which transport promotes growth of trade.
Date posted: September 20, 2017. Answers (1)
- Outline four limitations of containerization.(Solved)
Outline four limitations of containerization.
Date posted: September 20, 2017. Answers (1)
- Give five reasons why a manufacturing firm would be located in an area well served by good
road network.(Solved)
Give five reasons why a manufacturing firm would be located in an area well served by good
road network.
Date posted: September 20, 2017. Answers (1)
- Outline four reasons why a school in Kisumu may prefer to transport its sixty students to a
music festival in Nairobi by train rather than by...(Solved)
Outline four reasons why a school in Kisumu may prefer to transport its sixty students to a
music festival in Nairobi by train rather than by bus.
Date posted: September 20, 2017. Answers (1)
- State four circumstances under which a businessman would choose to transport goods by air(Solved)
State four circumstances under which a businessman would choose to transport goods by air
Date posted: September 20, 2017. Answers (1)
- Give four functions of the Kenya external trade authority(Solved)
Give four functions of the Kenya external trade authority
Date posted: September 20, 2017. Answers (1)
- State four reasons why a government may want to be involved in commercial activities(Solved)
State four reasons why a government may want to be involved in commercial activities
Date posted: September 20, 2017. Answers (1)