Insurance Law

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• A1. The core principles, concepts and doctrines of insurance law and their application to commercial relationships or transactions or corporate parties.
• A2 The economic or public policies or values underlying these insurance law principles and concepts and areas of current controversy.

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• B1.Identify, evaluate and apply key legal principles in solving complex practical problems in the commercial context, citing legal authorities.
• B2.Suggest possible legal developments to improve the efficiency and fairness of insurance law governing affected parties in the international commercial context.

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• C2. Construct arguments and solve problems based on premises drawn from various sources.
• C1. Undertake independent research and access primary and secondary sources effectively.

Introduction – nature of insurance; life, property, liability insurance

Contract formation: commercial and consumer markets

Brokers: commercial and consumer markets

Insurable interest

Duty of fair presentation

Fraudulent claims

Construction and terms

Insurers’ insolvency - direct action

Subrogation

Teaching methods:

One 2-hour seminar per week

Learning methods include:

• Essential and additional directed reading, as per distributed reading lists reproduced on Blackboard;
• Engagement with current legal or commercial developments to ensure that you can relate the material being discussed in class to contemporary controversies

Formative

This is how we’ll give you feedback as you are learning. It is not a formal test or exam.

Essay

• Assessment Type: Formative
• Feedback: Feedback will be through comments written on the formative work and orally in class discussions.
• Final Assessment: No
• Group Work: No

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.