Insurance Law Exam Notes (Complete)

Description

Very comprehensive - it includes all lecture slides, lecture notes, class notes and all chapters in the book that were relevant for class content. Topics: - What is an insurance contract? - The essential and non-essential characteristics of insurance - Types of insurance contracts - Third party liability insurance - Public liability and product liability cover - "Insurable interest" - Difference between an insurance arrangement, a wager, a guarantee and a manufacturer's warranty - Liabilities of intermediaries - Framing a liability claim against a broker - The Insurance Brokers Code of Practice 2012 - Payments made by mistake to insurer to insured - An insurer denying a claim - Implied terms in insurance contracts - Utmost good faith under the common law and Insurance Contracts Act - Non disclosure and misrepresentation - Sections 21A, 21B, 22, 23, 24, 27, 28, 31, 37, 54, 56 - The Materiality test and indiosyncrasies of a particular insurer - Recovery by third parties and third party beneficiaries - The Right to cancel a contract - Waiver by conduct or estoppel - Fraudulent claims - Duties owned by a lawyer when retained by an insurer