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(a) Based on the provisions of Marine Insurance Act 1906 and decided cases, explain the following: (i) The concept of 'materiality' under marine insurance. (8

(a) Based on the provisions of Marine Insurance Act 1906 and decided cases, explain the following: (i) The concept of 'materiality' under marine insurance. (8 marks) (it) Insurable interest. (7 marks)

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