CHECK THESE SAMPLES OF Law of Insurance Issues
There are risks that are not covered by P & I insurance because they are covered by another form of insurance.... "law of International Insurance Contract" paper describes Protection and Indemnity Insurance (P&I) which refers to the marine insurance that is provided by the P & I club.... Hull & Machinery insurance provides cover to the ship owners for the risk of perils of the sea.... In some ways, Hull and Machinery insurance are similar to property insurance in which as it covers the ship itself, its machinery, and equipment....
20 Pages
(5000 words)
Coursework
The author of the paper titled "insurance Law: P&I and H&M" argues that H&M Company provides protection for the 'shipowner's investment'.... P&I covers third-party liabilities which are not a part of the H&M cover and as such compliments H&M insurance cover.... Protection and indemnity together with hull and machinery are the two main types of marine insurance coverage.... According to Pagonis, 'the P&I Clubs provide collective self-insurance to their members (mutuality)....
20 Pages
(5000 words)
Coursework
Course: Year: Subject: Insurable Interest Student: Tutor: Introduction One of the areas of insurance law that we'll be analyzing is insurable interest, where the property, object or person to be insures should be of some interest to the insurer and that they would incur a loss of damaged or destroyed, or in the case of a person, the person dies or suffers a disability.... The insurance company, before issuing a policy, will require proof if insurable interest (Davey 2004)....
3 Pages
(750 words)
Essay
Uberrima Fides is a Latin name by origin which is now frequently used in law documents, especially in insurance contracts.... Uberrimae Fides in Marine insurance.... Uberrima Fides is a Latin name by origin which is now frequently used in law documents, especially in insurance contracts.... The word was first used by the British Marines some centuries ago, however, in the recent times it is again gaining recognition and now the insurance companies dealing in marines required the reassurance of Uberrima Fides 2....
6 Pages
(1500 words)
Essay
The essay "Issues on the law of insurance" focuses on the critical analysis of the major issues in the law of insurance, an agreement between two parties where one person, known as the insurer, agrees to pay another person, known as the assured, a certain amount of money in case of uncertainty.... The law of insurance states that 'the alleged offer must be in force at the time when the other party purports to accept it.... Another important detail the law of insurance is concerned with, and that should be captured when formulating an insurance cover, is the hidden information....
8 Pages
(2000 words)
Essay
credit date, Marine/Ocean Bill of Lading, Non-Negotiable Sea Waybill, Charter Party Bill of Lading, Multimodal Transport Document, Air Transport Document, Road, Rail or Inland Waterway Transport Documents, Courier and Post Receipts, Transport Documents Issued by Freight Forwarders, 'On Deck', 'Shipper's Load and Count', Name of Consignor, Clean Transport Documents,Freight Payable/Prepaid Transport Documents, Insurance Documents, Type of insurance Cover, Commercial Invoices etc (UCPDC 500, 1993)....
12 Pages
(3000 words)
Essay
The principle of insurable interest refers to the fact that a person seeking insurance must have an actual pecuniary interest in the subject matter of the insurance, i.... The two major reasons for introducing the principle of insurable interest are (a) to prevent gambling through insurance and (b) to deter moral hazards, such as encouraging a person to take insurance and then do away with the person who is the subject of the insurance, in order to benefit from it1....
10 Pages
(2500 words)
Research Paper
This work called "Uberrimae Fides in Marine insurance" focuses on the nature and scope of the duty of Uberrima Fides in marine insurance.... issuer and receiver has to mention all the peculiar details to the insurer in order to certify that the traded material does not violate any of the marine insurance laws.... This merchandize incurs some transportation cost commonly known as fright charges and the law which covers all the indemnity or destruction of cargo is the Marine insurance....
7 Pages
(1750 words)
Essay