Question: A. State four (4) major types of coverage provided by Ocean Transportation Insurance and write briefly on any two (2). B. State three (3) types

A. State four (4) major types of coverage provided by Ocean Transportation Insurance and write briefly on any two (2).
B. State three (3) types of impliedwarranties that exist in marine insurance.
C. Explain the importance in preventing the voiding of coverage
D. Explain fully tany three (3) of the following legal doctrines and their applications:
I. Resipsa loquitur
II. Respondeat superior
III. The principle of indemnity
IV. The attractive nuisance doctrine vs. The principle of subrogation

Step by Step Solution

3.41 Rating (167 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

A Four major types of coverage provided by Ocean Transportation Insurance include Hull and Machinery Insurance This covers physical damage to the vessel including machinery and equipment Protection an... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!