Every answer and its explanation appears here once you have finished the path. Each one then links to the matching glossary entry, where the concept is set out in full with its worked example.
1. The module says evidence of political risk is not collected, it is provoked. What does that mean concretely?
That without a written, dated request, a state's silence cannot be dated
A refusal can be proved; an absence of response can only be proved by what preceded it. Without a written request there is no enforceable starting point, and the insured must establish inaction out of nothing. That is what separates this subject from most claims, where the fact leaves a physical trace an adjuster records. Here the state issues no trace, and the only one that will exist is the one the insured created by writing. Reconstructing afterwards from the accounts is exactly the route the module warns against, because it produces a chosen date rather than a suffered one.
Glossary entry · risque-politique2. In the worked case, the CFO proposes amending the note to the accounts placing loss of control in March, to align it with the September decree retained in the notification. What is the answer?
Refuse: the original version sits in the audit file the insurer has just requested, and the move would turn a defensible divergence into a documented attempt to align the evidence
It is the only step in the file that is both useless and gravely dangerous: useless because the original version does not disappear, dangerous because it contaminates everything else and exposes the group on the truthfulness of its accounts. The answer permitting the amendment does say something true, an accounting note does not contractually fix a triggering event, and draws exactly the wrong conclusion from it: the fact that it is not binding does not mean it can be rewritten. Withdrawing the notification to retain March is surrender on a point that was defensible, and it is paid for under an earlier, less favorable policy.
Glossary entry · bonne-foi3. Why can the two dates, March in the accounts and September in insurance, coexist without contradiction?
Because the two tests do not ask the same question: deconsolidation asks who in fact holds the power to direct, the cover asks about the state act depriving the insured of control
Losing the power to appoint directors is enough for deconsolidation and points to March; the state act depriving of control points to the September decree. Two frameworks, two questions, two answers, and nothing inconsistent. But that explanation only works if it was written when the divergence appeared: presented a year later, behind a notification whose date favors the group and under a policy renewed on better terms, it carries a far heavier burden than it should have. The answers ranking the two frameworks, one prudent, one indicative, look for a rule of precedence where two definitions are needed.
Glossary entry · expropriation-nationalisation4. The module says the letter that builds the file goes out from the parent company. Why not from local management?
Because local management is the one with the most to lose by signing it
A local director signing a letter accusing their own administration of blocking currency puts relationships at stake, sometimes more, and will find good reasons to postpone it until it is useless. It is not a question of the document's legal quality but of incentives: the person who must produce the evidence should not be the one who pays for it. Writing from the parent shifts the cost to whoever has an interest in the record. The parent company's standing to act does exist but says nothing about who actually holds the pen, and that is what is at issue.
Glossary entry · declaration-de-risque5. What is the purpose of notifying a circumstance, according to the module?
To escape the vice between the duty to notify without delay and the requirement of a constituted loss
The two requirements contradict one another, and an insured taking them literally is at fault either way: notifying early means having nothing to notify, notifying late means having delayed. Notifying a circumstance exists for precisely this case, and it suits creeping expropriation particularly well, where the fact builds over months without any single day clearly being the day of loss. The answer about prescription names a real but incidental effect, and the one about an advance confuses a notification with a claim.
Glossary entry · base-reclamation