C12 - Chapter 1 Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+

What book of the Civil Code of Quebec is concerned with obligations? : book 5 Describe the conditions in which a contract is deemed to have been made "in province." : 1. subject of contract is property in the province 2. resident of province has insurable interest What nine pieces of information must every policy contain? : 1. name of insurer 2. name of insured 3. name of person whom insurance money is payable to 4. amount of premium for the insurance 5. subject matter of insurance 6. indemnity which the insurer is liable 7. the event on the happening of which liability is to accrue 8. effective date of insurance 9. expiry date of insurance 2 | P a g e If two appraisers cannot resolve a dispute between an insurer and an insured, who determines the outcome of the disagreement? : an umpire is assigned When can a contract term be waived in whole or in part by the insurer? : when a waiver is stated in writin