Question
Questions 1. Beatie took a medical policy with policy with hope insurance company ltd. While completing the proposal form, beatie answered in the affirmative a
Questions
1. Beatie took a medical policy with policy with hope insurance company ltd. While completing the proposal form, beatie answered in the affirmative a question by the insurance company asking "are you pregnant "four months later, beatie was admitted to the insurance company's designated hospital where it was established that beatie was a man and he had never been pregnant. Hope insurance company ltd has since refused to settle beatie medical bill, and beatie intends to sue hope insurance ltd for payment
Analyse the legal principles applicable in the above case and advise beatie.
2.Describe three grounds upon which the duty of disclosure is justified
Identify 2 principles of insurance that support the main principle of subrogating
3.Explain four grounds upon which the duty of disclosure is justified
4.Express the meaning of the following terms
Third party insurance
Average clause
Surrender value
5.Explain the meaning of the term marine perils
Highlight any four matters that a marine insurance policy must specify
6.With specific references to the contract of insurance
Highlight six essentials of an insurance contract
State four types of marine insurance policies
7. Define the term marine insurance
Outline any four types of marine insurance policies
8. Define the term burglary insurance
Jane wants to engage in the business of exporting of petrol. She has purchased a ship in order to advance her business. Advise jane on the type of insurance under which she could insure the ship and three classes of policies available under which she could insure the ship and three clauses of policies available under that type of insurance
9.Distinguish between a contract of insurance and a wagering contract
10. Distinguish between the following terms
Reinsurance and double insurance
Insurance and assurance
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