77930 Insurance Law

Requisite(s): 60 credit points of completed study in C04148 Master of Law and Legal Practice

These requisites may not apply to students in certain courses.

There are also course requisites for this subject. See access conditions.

The subject looks at: (i) the public regulatory regime governing the insurance industry, and (ii) the private law principles governing the relationship between insurer and insured, with emphasis on (ii). Here key concepts pervading all types of insurance contracts are studied, such as the duty of utmost good faith, insurable interest, indemnity, subrogation, risk, non-disclosure, misrepresentation, conditions, warranties, cancellation of cover, double insurance and premium. The role of documentation, such as the proposal form, the policy and the schedule, and the role of intermediaries, such as agents and brokers, is also examined.