FLAW 487 — Insurance Law I

Law · University of Ghana

The Nature of Insurance: The Contract of Insurance – Relation to contracts of Gaming and Wagering – The distinction between Gaming Contracts and Insurance Contracts and its development – ―p.p.i.‖ and ―honour‖ policies – Types of Insurance – Marine and non-Marine risks – the distinguishing features of marine, life, fire and liability insurance. The Concept of Insurable Interest: Development of the concept of insurable interest – the principle of indemnity and its relation to insurable - types of insurable interest. New developments. The making of an Insurance contract: The insurance agent; nature of his authority and his liability – The Contract and special terminology – the nature, contents and function of the proposal form – interim receipts and cover notes. FLAW 488 Insurance Law II The rights and Duties of the Parties under the Contract: The principle of utmost good faith - the materiality of disclosures by the insured – the effect of non-disclosure and misrepresentation –over-and under-insurance - payment of the premium – return of the premium and its consequences. Claims: The right to make a claim – the quantum of the claim – the ―loss‖ that creates an entitlement to claim – Salvage and the insurer‘s entitlement to it. Motor Vehicles (Third Party) Insurance – an outline of case-law and practice in Ghana.

Credits

3

Level

Level 400

Semester

Semester One

Course details from University of Ghana Volume 2 Handbook for the Bachelor's Degree: Course Descriptions for Programmes in the Humanities (2017).