BTX4031

Insurance law ( 6 points, SCA Band 3, 0.125 EFTSL)

Leader: Mr Wayne Gumley

Offered:
Caulfield First semester 2006 (OCL)
Caulfield First semester 2006 (On-campus)
Caulfield First semester 2006 (On-campus)
Singapore First semester 2006 (OCL)
UNILODGE First semester 2006 (Off-campus)

Synopsis: The subject is designed to develop an understanding of types of insurance with an emphasis on general insurance: formation of the insurance contract and the role played by the Insurance Contracts Act 1984; the concept and role of an insurable interest; the indemnity concept including the role of averaging clauses; misrepresentations and how it affects the insurance contract; the roles played by insurance brokers and agents and the role played by the Insurance (Agents and Brokers) Act 1984 (Cth); notification and proof of loss; measurement of loss; subrogation concepts; and resolution of disputes.

Assessment: Assignment: 30% + Examination (3 hour, open book): 70%

Contact Hours: 3 hours per week

Prerequisites: AFF9020

Prohibitions: BTF4031, BTX5031