If a policyholder declares a breach of Premium Payment Warranty in the last __________ months, confirmation must first be received from the insurer of the previous policy that time on risk premiums have been paid, before cover incepts.

Correct! Wrong!

Topic 1.12 Quiz

To avoid an abuse of the system by cancelling covers and placing thorugh other intermediaries or with other insurers, all intermediaries and insurers (for direct accounts) shall insert declarations in the quotation slips and insurance policies to the effect that policies applied for have not been in whole or in part terminated by another insurer due to non-payment of premiums in the last 12 months.