By whom is a “fiduciary duty” owed?
A - An employee to a fellow employee who might be harmed by their actions
B – Any employee who has signed a contract of employment to their employer
C – Anyone whose work involves paying or receiving money
D – Someone who occupies a position of trust in relation to another and acts on their behalf
D: A fiduciary is a person who occupies a position of trust and is required to act for the latter’s benefit.
4B: Future loss of earnings is an award made to compensate claimants for the loss of earnings they are likely to sustain going forward after the date of settlement, as a result of their injury. Therefore, the date they start to accrue is the date of settlement or trial date.
A: Reinstatement B: New for old C: Indemnity D: Replacement
B: Days of grace are not an extension of cover, but rather a specified number of days (15 or 30 days) into the next period of insurance when the insured can still renew cover.