CAS Exam 6C Spring 2015, Question 5
Study guide: Exam 6C
An insured suffered severe brain injuries in a car accident as a result of another driver's negligence and will no longer be able to work. The insured's future income is estimated to be $2 million.
Part a (0.5 points)
Describe how the cap established by Supreme Court of Canada in the Trilogy cases will be applied in the situation described above.
Part b (0.75 points)
Identify three rationales behind the establishment of the cap in part a. above.
Part c (0.75 points)
Briefly discuss three of the arguments presented in the case of Lee v. Dawson that support the removal of the cap.
Part d (0.5 points)
Briefly discuss the two arguments used by the British Columbia Court of Appeal to uphold the cap.
Answer this question and see the worked solution