(a) Write short notes on the following: i. Cover note. Parties to an insurance contract. (4 marks) (4marks). In a contract of insurance explain the duty of disclosure that rests on the assured. What is meant by an "insurable interest"? ii. (b) (c) (4 marks) Khan owned a cottage by the sea which was valued at Ksh.30, 000, though it was only insured for Ksh. 15, 000. It was damaged by storms to the value of Ksh. 10,000. i. Khan wishes to make a claim against the insurance company for the damages. Advise Khan. (6 marks) ii. Would your advice be different if Khan's insurance policy contained a "subject to average" clause? (2 Marks)