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Handbooks Courses Units

BTX5031 - Insurance law

6 points, SCA Band 3, 0.125 EFTSL

Postgraduate Faculty of Business and Economics

Leader: Mr Wayne Gumley


Caulfield First semester 2008 (On-campus block of classes)
Caulfield First semester 2008 (Off-campus)


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.


The learning goals associated with this unit are to:

  • identify and apply the principles of insurance law associated with general insurance policies that are utilised in the corporate insurance programs, with particular focus upon the Insurance Contracts Act 1984 (Cth)
  • analyse and explain the regulatory framework for the insurance industry including the role of APRA and the Prudential Standards for General Insurance companies
  • analyse and explain the major legal issues associated with the operation of a corporate insurance program
  • critically evaluate leading insurance cases
  • recommend and explain appropriate reforms on at least one current issue of importance to corporate insurance programs.


Within semester assessment: 100%

Contact hours

3 hours per week





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