Generally, which of these ultimately pays the insurance premium on a commercial property owners policy?
A: The owner
B: The tenant
C: The managing agent
D: The owner and the managing agent
B. Market practice is for commercial property owners to charge the insurance premium out to their tenants, compared with residential property leases where usually the property owner will stand the cost of the insurance premium.
Which of these pieces of consumer legislation replaced the other three pieces of legislation listed here?
C: The Consumer Rights Act 2015 became law on 1 October 2015, replacing three major pieces of consumer legislation: the Sale of Goods Act, the Unfair Terms in Consumer Contracts Regulations, and the Supply of Goods and Services Act.
Which of these methods explains how a periodic payment for a personal injury claim is typically funded?
C: The income may be funded directly from an insurer's reserves or by the purchase of an annuity.
D. In its widest sense, telematics is a term used to describe the exchange of data, potentially over long distances, across a wireless communications network in real time.