Semester 2 2023
th
DUE DATE : 14 august 2023
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The Assessment Questions follow below:
1. Good faith and insurable interest may be regarded as possible essential requirements of an
insurance contract. Provide reasons why some commentators are of the view that good faith
and insurable interest should not be regarded as essential requirements. Refer to relevant
authority. (5)
2. Explain the similarities and differences between insurance contracts and wagering
contracts and discuss how one can distinguish between them. (5)