Compulsory third party (CTP) motor vehicle insurance covers:
A) the legal liability of the driver arising out of the use of the vehicle.
B) the damage to the vehicle, whether for repairs or if the vehicle is a total loss.
C) the insured or the driver (driving with the insured's consent) for their legal liability in relation to property damage as a result of an accident arising out of the use of the vehicle.
D) both a and c
Correct Answer:
Verified
Q1: In the event of a claim, an
Q2: Severity limitations in insurance contracts:
A) seek to
Q4: Risk management includes the following steps, in
Q5: The feature of guaranteed renewal for a
Q6: Methods of minimising insurance premiums from the
Q7: The convertibility option for term life insurance
Q8: Benefit payments from an income protection policy
Q9: Consumer credit insurance policies will exclude claims
Q10: The multiple approach to calculating the needs
Q11: Indexing a sum insured for life cover
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents