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| Section | Objectives |
|---|---|
| Topic 1: Law of Agency and Insurance | - Agency relationships
|
| Topic 2: Law of Torts | - Principles of tort law
|
| Topic 3: Formation of Insurance Contracts | - Insurance contract principles
|
| Topic 4: Insurance Claims | - Claims process and legal principles
|
| Topic 5: Insurance Contract Terms and Vitiating Factors | - Policy terms and validity
|
| Topic 6: Subrogation and Contribution | - Recovery and sharing of losses
|
| Topic 7: Law of Contract | - Contract formation and operation
|
| Topic 8: Nature and Sources of English Law and Natural Legal Persons | - Nature and sources of English law
|
| Topic 9: Indemnity and Measurement of Loss | - Application of indemnity
|
How can an agency relationship be best described?
At what stage is insurable interest required for a marine cargo insurance policy?
A household insurance policyholder leaves his home to go to work without setting the burglar alarm. Whilst he was out, his new tumble dryer overheats and causes fire damage to the kitchen. In what circumstances may the insurer legally reject a fire claim?
A claimant may possibly recover money transferred under an illegal contract when
Tim is a local insurance broker. He has authority to receive premiums for a personal lines insurer and earns commission from the insurer for sales. Paul, an elderly customer, asked Tim for advice regarding his personal insurance requirements and to assist with completing the proposal form for household insurance. In these circumstances, who, if anyone, is Tim's principal?
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Insurance law (IL) Exam
Examination element of M05 Insurance law
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