Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are a claims handler for CD DAC, an insurer. This question relates to Dual Insurance. One of your policyholders, WTX Ltd, are the owners

You are a claims handler for CD DAC, an insurer. This question relates to Dual Insurance. One of your policyholders, WTX Ltd, are the owners and operators of a water taxi. WTX Ltd's insurance policy with CD DAC contains a non-contribution clause. WTX Ltd decided not to renew its insurance policy with CD DAC and arranged for a new insurance policy with another insurer, EF DAC. The insurance policy with EF DAC includes a rateable proportion clause. The insurance policy with EF DAC began on the same day as the policy with CD DAC expired. On the date when the insurance policy with CD DAC expired and its insurance policy with EF DAC began, the water taxi was involved in a collision with another boat. WTX Ltd has claimed against both insurers for the damage to the water taxi. Both insurers decline the claim. a) Discuss the extent to which WTX Ltd are insured. Refer to one relevant case in support of your discussion. (12 marks) b) Discuss the legal implications for WTX Ltd of an insurance policy having a noncontribution clause, rather than a rateable proportion clause. (8 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Constitutional And Administrative Law

Authors: A. Bradley, K. Ewing, Christopher Knight

18th Edition

1292402776, 978-1292402772

More Books

Students also viewed these Law questions

Question

6. How can a message directly influence the interpreter?

Answered: 1 week ago