If a merc - Study guides, Class notes & Summaries

LML 4805 insurance_law_summaries. Last document update:   ago

General principles of insurance law Ch 1 introduction history and sources of insurance law 5. prelim def of ins contract: Lake v Reinsurance corp: A contract between an insurer (or assurer) and an insured (or assured) whereby the insurer undertakes in return for the payment of a price or premium to render to the insured a sum of money or its equivalent on the happening of a specified uncertain event in which the insured has some interest. - def bridges gap between indemnity and non-indemni...

RRLLB81 Assignment 2 (RESEARCH) Semester 1 2023 (558676) Last document update:   ago

This document contains workings, explanations and solutions to the RRLLB81 Assignment 2 (RESEARCH) Semester 1 2023. For assistance call or WhatsApp us on 065 505 3119 ................................................................. TOPIC 1: INSURANCE LAW THE INSURED’S DUTY TO TAKE REASONABLE PRECAUTIONS TO AVOID LOSS OR DAMAGE TO THE OBJECT OF RISK Research question One of the significant factors to be considered by insurers when assessing a risk, and their subsequent liability in terms o...