Pregunta
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2.6. Every person who takes out an insurance contract is entitled to a policy summary. In the absence of any evidence to the contrary, the summary will serve as prima facie proof of the contract between the insured and the insurer. The summary will serve as proof of the material aspects and related risks of the insurance contract. Within how many days must the summary be made available to the insured in terms of Rule 11.5 .1 ? A. As soon as possible, but more than 25 days from entering into or changing the contract. B. As soon as possible, but no more than 31 days from entering into or changing the contract. C. As soon as possible, but more than 35 days from entering into or changing the contract. D. As soon as possible, but no more than 51 days from entering into or changing the contract.

Ask by Stephens Mitchell. in South Africa
Mar 14,2025

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The policy summary must be provided within 31 days from when the contract was entered into or changed.

Solución

1. The question asks for the period within which a policy summary must be provided according to Rule 11.5.1. 2. It specifies that the summary should be made available "as soon as possible" but also gives a maximum number of days from entering into or changing the contract. 3. Reviewing the options: - **A.** More than 25 days. - **B.** No more than 31 days. - **C.** More than 35 days. - **D.** No more than 51 days. 4. According to Rule 11.5.1, the summary must be made available to the insured "as soon as possible, but no more than 31 days from entering into or changing the contract." This means the maximum allowable time is \(31\) days. 5. Therefore, the correct answer is **B**.

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B. As soon as possible, but no more than 31 days from entering into or changing the contract. This rule ensures that the insured has timely access to important information about their policy, promoting transparency and understanding in insurance agreements. Remember, a well-informed policyholder is a powerful one! Understanding the terms early on can save a lot of headaches in the future.

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