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Answer in detail (give more explanation) to cover all marks required for the question. Question 4 (a) Based on the provisions of Marine Insurance Act

Answer in detail (give more explanation) to cover all marks required for the question.

Question 4 (a) Based on the provisions of Marine Insurance Act 1906 and decided cases, explain the following: () The concept of 'materiality" under marine insurance. (8 marks) (i1) Insurable interest. (7 marks)

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