LML4805 Insurance Law

Contents INTRODUCTION CHAPTER 1 Concept of Insurance; Origin and Historical Development of the Insurance Contract and Insurance Law; Classifications CHAPTER 2 Sources of South African Insurance Law CHAPTER 3 Nature and Characteristics of the Insurance Contract CHAPTER 4 Requirements for a Valid Insurance Contract CHAPTER 5 Parties to the Insurance Contract CHAPTER 6 Insurable Interest CHAPTER 7 Misrepresentation and the Insurance Contract CHAPTER 8 Insurance Warranties CHAPTER 9 Risk ...

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...

SOLUTION TO EXAMS: MAY/JUNE 2011 QUESTION 1 1.1. (a) Common Law, Legislation, the Constitution, Custom and Trade Usage, Jurisprudence/Case Law. (b)(i) When the requirements for a valid contract are not met the contract is void. Whereas when any of the essentialia for a valid insurance contract are not met it can still be another type of contract. (ii) The consequence of a misrepresentative of the age of the life insured in the case of life insurance is that there is an adjustment of ...

Contents INTRODUCTION CHAPTER 1 Concept of Insurance; Origin and Historical Development of the Insurance Contract and Insurance Law; Classifications CHAPTER 2 Sources of South African Insurance Law CHAPTER 3 Nature and Characteristics of the Insurance Contract CHAPTER 4 Requirements for a Valid Insurance Contract CHAPTER 5 Parties to the Insurance Contract CHAPTER 6 Insurable Interest CHAPTER 7 Misrepresentation and the Insurance Contract CHAPTER 8 Insurance Warranties CHAPTER 9 Risk ...